Prudential Fixed Income Management names chief investment officer

Most recently, Lillard was senior investment officer for insurance portfolios, liability-driven investment and hedge strategies, and also headed the quantitative research and risk management departments. This involved overseeing fixed-income investments for Prudential's $108 billion general account. His new role as CIO permits him to focus exclusively on portfolio management and alpha generation.

Rajan joins Prudential after serving as co-head of US fixed-income strategy and global head of structured credit research for Citigroup's fixed-income business. Most recently, he founded a unit that traded emerging market and credit instruments.

They will both be based in Newark, New Jersey and report to James Sullivan, head of fixed income at Prudential Fixed Income Management.

Among other appointments at the firm, Peter Cordrey has been named head of alternative products in a new position responsible for the firm's hedge fund platform and collateralised debt obligations. And Miguel Thames has been named head of institutional business, responsible for consultant relations along with sales and client services. He replaces Kevin Myers, who has been named senior managing director of institutional marketing and distribution for Prudential Financial's US businesses.

See also:
Dagmar Kent Kershaw leaves Prudential M&G
Kershaw joins ICG