Prudential Fixed Income reveals new heads of U.S. CLO business unit

By Tali David

Minneapolis, Feb. 13 - Prudential Fixed Income announced that Brian Juliano and Bent Hoyer have been named as co-heads of its U.S. collateralized loan obligation business, according to a press release.

The two succeed Sara Bonesteel, who has moved into a lead role for Prudential's U.S. General Account.

In their new roles, Juliano and Hoyer are responsible for leading the development and administration of Prudential Fixed Income's CLO business.

"Brian and Bent helped to build our CLO platform and have been part of a team that, under Sara's leadership, has earned the esteem and trust of investors while establishing a record of new issue CLO and replacement manager transactions," managing director and head of distribution and product management Peter Cordrey said in the release. "Both bring deep experience that will enable us to continue to expand our CLO business in the U.S."

Juliano has helped to lead the U.S. CLO business since 2009 while working as a trader and portfolio manager for Prudential Fixed Income's bank loan group. Earlier, he was a collateralized debt obligation analyst and member of the CDO business team, as well as a financial analysis manager in Prudential Fixed Income's finance group, the release said.

Previously, Hoyer was responsible for business and product support, operating risk management, client reporting and project management teams within Prudential Fixed Income.

Prudential Fixed Income is a Newark-based provider of financial products and services. It is an investment business of Prudential Financial, Inc.

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