Prudential Hires Hartford’s Arcieri to Help Run $185 Billion

Mar 31, 2014 2:33 pm ET

(Updates with Hartford’s comment in the last paragraph.)

March 31 (Bloomberg) -- Prudential Financial Inc., the second-largest U.S. life insurer, hired Filippo Arcieri from Hartford Financial Services Group Inc. to help oversee $185 billion in bonds.

Arcieri is a senior portfolio manager for investment-grade corporate securities at Prudential Fixed Income, the Newark, New Jersey-based company said today in a statement. He was co-head of investment-grade credit at Hartford, where he oversaw more than $25 billion of insurer and client funds.

“Filippo brings extensive experience in sector and industry allocation, and security selection, along with a global expertise, which helps to round out our team,” Steven Kellner, head of Prudential Fixed Income’s corporate debt portfolios, said in the statement.

The insurer manages more than $1.1 trillion in assets, including $405 billion at Prudential Fixed Income. The business added Gregory Peters last month from Morgan Stanley for the multi-sector strategy team. In November, the company said it hired Robert Cignarella from Goldman Sachs Group Inc. as co-head of global leveraged finance.

Separately, Prudential hired Francisco Campos-Ortiz as Latin America economist, reporting to Chief Economist Jurgen Odenius. Campos-Ortiz, who most recently worked at Mexico’s central bank, has a Ph.D. in economics from Brown University, a master’s degree in public affairs from the University of Texas at Austin, and a bachelor’s degree in economics from the Instituto Tecnológico Autónomo de México.

Arcieri has an MBA from Duke University and a bachelor’s degree in economics from the University of Rome, Prudential said.

Chris Heller, who had been co-head of investment grade corporates at Hartford with Arcieri, will take over the team, Julia Zweig, a company spokeswoman, said in an e-mail.