Prudential Relocation Appoints Joe Logudic As New Managing Director For Asia Pacific Region

Business Wire,  July 14, 2008  

• E-mail
• Print
• Link

IRVINE, Calif. -- Prudential Relocation, a Prudential Financial (NYSE: PRU) business, announced today that Joe Logudic has joined the company as managing director for the Asia-Pacific region. Prudential Relocation's Europe, Asia-Pacific and other select regions operate under the Pricoa Relocation brand name.

"We are pleased to welcome Joe to Prudential Relocation and to leverage his experience in Asia-Pacific, one of our businesses' most vital regions, as inter-regional relocation activity continues to rise," said Earl Lee, president, Prudential Relocation. "Joe's mobility experience will serve us well as we continue to navigate economic fluctuations on a global scale, including increased transportation costs and a shifting real estate market in the United States."

Logudic has 14 years of experience in the Global Mobility industry, with three years spent living in Asia. He was most recently a partner at Deloitte and Touche, LLP in their Global Employer Services unit based in Hong Kong. His 13-year tenure at Deloitte included assignments in their Paris, London, and New York operations. Logudic is chairman of the Human Resources Committee of the American Chamber of Commerce in Hong Kong. He is also a past member of the Board of Directors of the International YMCA. He holds a Bachelor of Science degree in International Management from Boston College and a Masters of International Affairs degree from Columbia University. He has attained the Global Professional of Human Resources certification from the Society of Human Resources.

"I am very excited to join the Prudential family. The opportunities in Asia are exciting. I look forward to linking my past experience with insights from new colleagues as we work to continue to build Prudential's relocation business in Asia," said Logudic.

Logudic is based in Hong Kong and responsible for the company's operations in Singapore, Beijing and Shanghai. He reports to Stephen Fairn, senior vice president for Prudential Relocation's Europe, Middle East, Africa and Asia-Pacific regions. "Joe's extensive relocation experience is invaluable as we continue our growth in this emerging region. I look forward to working closely with him and continuing to grow our business and provide quality relocation services to our clients in the Asia-Pacific region," said Fairn.

Prudential Relocation provides comprehensive global relocation services to Fortune 500 corporations worldwide. With locations in the United States, Canada, United Kingdom, France, Hong Kong, Singapore, and China, Prudential Relocation - which operates as Pricoa Relocation in Asia and Europe - offers a broad menu of services critical to the relocation of clients' employees, including coordination of intra- and inter-country relocations, international assignment management, intercultural training, global business consulting, appraisal, inspection and sale of relocating employees' homes, equity advances to relocating employees, assistance in locating a home at the relocating employee's destination, global household goods moving services and client cost-tracking and a variety of relocation policy and group move consulting services, and more.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $631 billion of assets under management as of March 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.news.prudential.com.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning