Prudential Financial, Inc. Announced Realignment Of Senior Business Leadership And Appointment Of Phil Waldeck, currently head of Multi-Asset and Quantitative Solutions at Prudential?s asset management business, PGIM, As Executive Vice President, Head Of U.S. Businesses, Effective February 2, 2026. Prior to PGIM, Waldeck served as Prudential?s chief transformation officer and previously held senior business leadership roles including president of Retirement and head of Pension and Structured Solutions, giving him broad understanding of the company?s core markets and customer segments. David Legher, head of Emerging Markets, will report directly to Sullivan, alongside Waldeck, the Japan Group President and CEO Brad Hearn, and PGIM President and CEO Jacques Chappuis.
As part of these changes, Caroline Feeney, global head of Retirement and Insurance, will depart Prudential. Phil Waldeck has served as head of PGIM?s Multi-Asset and Quantitative Solutions business since 2021. Before joining PGIM, Waldeck served as senior vice president and chief transformation officer for Prudential Financial, Inc. (PFI), and as chief executive officer of PFI?s Workplace Solutions Group.
Earlier, he served as president of PFI?s Retirement group and led the Investment & Pension Solutions business, which comprised $250 billion in assets across guaranteed institutional investment strategies. Waldeck was the architect of PFI?s PRT business, who along with a strong leadership team grew the business to over $170 billion. Prior to joining PFI, he served as a senior vice president in Cigna?s retirement business.
Waldeck earned a bachelor?s degree, magna cum laude, from Tufts University and an MBA from the University of Michigan.
