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Prudential appoints new head of US businesses

Prudential Financial has appointed Charles Lowrey, current president and CEO of Prudential Investment Management, as head of its US businesses, succeeding Bernard Winograd, who will retire on 11 February 2011.

In his new role, Lowrey will be responsible for Prudential’s investment management, retirement, annuities, individual life insurance and group insurance. He will also oversee the real estate and relocation services business.

Before his current role, Lowrey served as chief executive officer of Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial. He joined the Prudential in March 2001.

Prior to Prudential, Lowrey was a managing director and head of the Americas for JP Morgan’s real estate and lodging investment banking group, where he began his investment banking career in 1988.