Clifford Axelson was named a managing director in Prudential Financials strategic solutions group, said spokeswoman Theresa Miller. The position is new.
Mr. Axelson becomes the fifth member of the group, which consults with Prudentials largest institutional clients on areas such as defined benefit plan risk management and guaranteed lifetime income offerings for defined contribution plans, according to a news release.
Previously, he was a senior vice president at Callan Associates. Callan spokeswoman Nancy Malinowski wasnt immediately available to provide details on Mr. Axelsons successor.