Prudential Arm Hires Structured Exec Bonesteel
Prudential Financial's fixed-income asset management unit has hired Sara Bonesteel as the head of the structured asset management group. She was a senior managing director for Bear Stearns' financial analytics and structured transactions group. She continued in the role after JPMorgan Chase bought Bear Stearns in June. She has more than 17 years of experience covering asset-backed fixed-income products and financing techniques in mortgages, commercial mortgage-backed securities, collateralized debt obligations, and other fixed-income assets.