"We believe the acquisition of American Skandia gives us a winning combination in the marketplace," said David Odenath, president of Prudential Annuities, the new division that combines the two companies annuity forces.
The acquisition moves Prudential up in sales from 22 nd place to 8 th place, according to
Judy Rice, president of Prudential Investments, will assume control of the combined mutual fund families. Michael Murray, SVP and national markets director of mutual funds at American Skandia, officially left the company.