Sara Bonesteel was named a principal at Prudential Fixed Income Management, confirmed spokeswoman Theresa Miller.
Ms. Bonesteel will head efforts to identify new opportunities for structured asset management and to develop financing strategies for Prudential Fixed Income, including its hedge strategy, collateralized debt obligations and insurance businesses, according to a news release. It is a new position.
Ms. Bonesteel was a senior managing director at Bear Stearns Cos. Inc.s financial analytics and structured transactions group and continued in that role following the companys merger with JPMorgan Chase & Co. earlier this year. Information could not be learned immediately about Ms. Bonesteels replacement.