Prudential announces head of global investment strategy

Newark-based Prudential Financial on Tuesday announced that Andrew Yorks will join the company as head of global investment strategy, effective July 15. He will report to Tim Schmidt, senior vice president and chief investment officer.

Yorks will be charged with developing investment plans and asset and liability management strategies for Prudential’s general account. He will also have responsibility for identifying and assessing new investment opportunities and monitoring overall portfolio risks and will serve as the key liaison with PGIM asset management units and corporate functions.

Yorks currently serves as chief investment officer at Resolution Life U.S., where he is responsible for the overall management of the company’s investment portfolio and for setting the overall strategic direction of the company, including growth through mergers & acquisitions.

Prior to Resolution Life U.S., Yorks was senior vice president, head of alternatives and private debt strategies, at Lincoln Financial Group, where he oversaw $18 billion of private equity, hedge fund and private debt strategies across 20 manager relationships for Lincoln’s general account. He has also held leadership positions at several asset managers, including BlackRock and Alliance Capital.