Prudential Fixed Income Management announced today that Michael Lillard has been appointed Chief Investment Officer, responsible for overseeing all portfolio management and trading across the firm. Additionally, the firm has named fixed income veteran Arvind Rajan its new head of Quantitative Research and Risk Management.
Most recently, Lillard was senior investment officer for insurance portfolios, liability-driven investment and hedge strategies, along with leading quantitative research and risk management. His new role as CIO permits him to focus exclusively on portfolio management and alpha generation.
Lillard has a bachelors and masters degree in computer science from the Massachusetts Institute of Technology and a masters degree in management from MITs Sloan School. He holds the Chartered Financial Analyst (CFA) designation.
Rajan joins Prudential after serving as co-head of U.S. Fixed Income Strategy and the global head of Structured Credit Research for Citigroup fixed income business.