Prudential appoints Mongia to lead creation of open-architecture platform

Newark-based Prudential Financial on Friday announced it appointed Nandini Mongia, currently senior vice president and treasurer, as president of Prudential Open-Architecture Solutions, effective Monday. Mongia will report to the company’s chairman and CEO, Charles Lowrey.

As part of her new duties, Mongia will lead the creation of an open-architecture platform, managing the supply and demand of asset and liability origination and overseeing Prudential’s reinsurance entities and third-party strategic relationships.

“Nandini brings a breadth of experience in managing global capital, liquidity and reinsurance, including Prudential’s own capital allocation strategy and balance sheet,” Lowrey said. “Under Nandini’s leadership, Prudential Open-Architecture Solutions will enhance our ability to serve clients with new and innovative solutions that support our long-term growth and competitive position in the marketplace.”

Mark Finkelstein, senior vice president, finance, will expand his responsibilities and oversee Prudential’s Treasury Department, in addition to serving as chief financial officer of U.S. Businesses and PGIM.

Mongia has been Prudential’s treasurer since December 2018, after serving as CFO of Prudential Retirement. Prior to joining Prudential in 2017, she was an investment banker at firms including Deutsche Bank, Credit Suisse and Lehman Bros., and previously served in business planning and management consulting roles.