Michael L. Davis was named director of institutional sales at Calvert Investments, confirmed company spokeswoman Melinda Lovins.
The position is new. Beginning Nov. 25, Mr. Davis will be responsible for growing Calvert's client base among corporate pension funds, foundations and endowments, and other institutions to grow sales and assets within the company.
He will report to Lynne Ford, executive vice president and head of distribution.
Mr. Davis was senior vice president and head of the stable value business at Prudential Retirement. A replacement has not been named, according to Prudential spokeswoman Tanya Valle.
