Dr. Quincy Krosby Joins Prudential Annuities as Chief Market Strategist

Prudential Annuities, the domestic annuity business of Prudential Financial, Inc. (NYSE:PRU), today announced that Dr. Quincy Krosby has joined the firm as Chief Market Strategist, a newly-created position. She will report to Timothy Cronin, head of Investment Management for Prudential Annuities. In this role, she will provide perspective on the financial markets and the economy to financial professionals, clients and individual investors across the country.

"Quincy’s extensive experience and insights into economic trends and financial markets will be an invaluable resource for financial professionals, our clients and the investing public,” said Stephen Pelletier, president of Prudential Annuities. "At a time when individual investors are looking to financial professionals for advice, Quincy’s ability to explain the importance and impact of economic developments has never been more critical to helping our financial professionals meet the retirement planning needs of their clients.”

"The current environment underscores the importance of economic education and market perspective surrounding investing and long-term planning. I’m pleased to be serving Prudential in this capacity, and look forward to addressing the needs of their many constituents,” said Dr. Krosby.

Quincy Krosby previously served as chief investment strategist for The Hartford and global investment strategist for Deutsche Bank Asset Management. She also worked in the global markets groups at Credit Suisse and ING Barings.

Earlier in her career, Krosby was a U.S. diplomat, serving in Washington and United States embassies abroad, including a posting as Energy Attache at the U.S. Embassy in London. In addition to numerous assignments at the U.S. Department of State, she served as Assistant Secretary of Commerce and represented the United States to the International Monetary Fund, positions for which she was confirmed by the United States Senate.

Quincy Krosby studied at the London School of Economics where she earned her master’s and doctoral degrees. She is frequently quoted in the financial press and on business television.

About Prudential

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $542 billion of assets under management as of March 31, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.

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