|[November 16, 2012]
Prudential Mortgage Capital Company names Hal Collett president of Prudential Asset Resources
NEWARK, N.J. --(Business Wire)--
Prudential Mortgage Capital Company today announced that Hal Collett has
been promoted to president of Prudential Asset Resources replacing
Catherine Rodewald, who announced her decision to retire at the end of
2012. Prudential Mortgage Capital Company is the commercial mortgage
lending business of Prudential Financial, Inc. (NYSE:PRU).
Hal Collett (Photo: Business Wire)
Collett will be responsible for the servicing and asset management
operations associated with Prudential Mortgage Capital Company's
commercial real estate loan portfolios valued at $69.42 billion. He
joined Prudential Mortgage Capital Company in 2002, serving in multiple
roles within Prudential Asset Resources. Most recently, he was vice
president of asset management and credit surveillance.
"We are excited to have an executive with the breadth and depth of Hal's
experience to lead Prudential Asset Resources," said David Twardock,
president of Prudential Mortgage Capital Company. "Our clients can
expect the same superior quality service they have come to expect from
Prudential under Hal's capable leadership."
Before joining Prudential, Collett was manager of investor reporting at
ORIX Capital Marets where he also served as a special servicer asset
manager. He began his commercial real estate industry career at Bank One
followed by five years at Nomura, an international investment banking
and securities firm.
Collett earned a bachelor's degree from Texas Tech University and an MBA
from The University of Texas at Arlington. He is based in Dallas and
will report to Twardock.
During her 11-year tenure, Rodewald earned numerous awards including the
2009 Athena Award presented by the Dallas Regional Chamber of Commerce
and the Mortgage Bankers' Association's 2011 Distinguished Service
Award, which is the highest level service award granted by the MBA.
Prudential Mortgage Capital Company is a national full-service,
commercial and multifamily mortgage finance business with $72.67 billion
in assets under management and administration as of September 30, 2012.
Leveraging a 135-year history of real estate finance, the company offers
one of the most comprehensive lines of real estate finance products and
originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and
specialized affordable housing programs; FHA; Conduit; Prudential's
general account and proprietary balance sheet program; and other
institutional investors. The company maintains a loan servicing
portfolio of approximately $69.42 billion, as September 30, 2012. For
more information, please visit http://www.prumortgagecapital.com.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $1.005 trillion of assets under management as of September
30, 2012, has operations in the United States, Asia, Europe, and Latin
America. Prudential's diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential's iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit http://www.news.prudential.com/.
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