Glenn O’Brien is a managing director and head of the Institutional Retirement Distribution businesses. He has helped numerous large U.S. plan sponsors evaluate, price and structure the most significant pension settlement agreements in the U.S. marketplace. Glenn led the development and implementation of the first pension buy-in transaction in the United States on behalf of Hickory Springs Manufacturing. In 2012, he and his team successfully executed one of the largest pension annuity transactions in the U.S. marketplace. Most recently, Glenn led transactions for Shell USA and the first multiemployer plan buy-out. Glenn also spearheaded the development of Prudential’s participation in the international longevity reinsurance market. To date, Prudential has achieved over $100 billion in pension risk transfer transactions.
Glenn leads the Sales team responsible for Pension Risk Transfer, Stable Value, Structured Settlements and Bank Owned Life Insurance. He actively works with large plan sponsors across all sectors of the economy on issues related to mergers and acquisitions, activist investors, pension surplus and de-risking.
Glenn started his career at the Actuarial Consulting firm of Kwasha Lipton. Prior to joining Prudential in 2001, Glenn was a principal at PricewaterhouseCoopers consulting with numerous Fortune 100 clients on various aspects of their retirement plan programs.
Glenn earned a Bachelor of Science degree in finance from Siena College and completed the Advanced Management Program at the University of Chicago’s Booth School of Business.
Pension and medical risk transfer products are insurance products issued by The Prudential Insurance Company of America (PICA), Newark, NJ, a wholly owned subsidiary of Prudential Financial Inc. (PFI). PICA is solely responsible for its contractual and financial obligations. Guarantees are dependent on the claims-paying ability of PICA and are subject to certain terms, conditions, and limitations.
Certain insurance products used to transfer pension risk, including PICA’s Portfolio Protected Buy-Out and Portfolio Protected Buy-In, may utilize a separate account established by PICA, in which case, premium paid to PICA under the group annuity contract is deposited into a separate account. The payment obligations specified in the group annuity contracts for such products are insurance claims supported by the assets in the separate account, and if such assets are not sufficient, by the claims-paying ability of PICA, subject to certain terms conditions, and limitations.
This material is intended for informational purposes only. Before entering into a transaction or pursuing a strategy of the types described herein, you should consider the suitability of the transaction or strategy to your particular circumstances and independently review (with your professional advisors as necessary) the specific financial risks as well as the legal, regulatory, investment, credit, tax, and accounting consequences.
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Reinsurance products are issued by PICA. Neither PICA nor its parent company PFI, headquartered in the United States, is affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PICA is solely responsible for its financial condition and contractual obligations. PICA is not authorized or regulated by the U.K. Prudential Regulation Authority or regulated by the Financial Conduct Authority, nor does it offer insurance or reinsurance in the United Kingdom. PICA is not authorized or regulated by the Office of Superintendent of Financial Institutions for Canada or by the Financial Services Commission of Ontario. PICA is not authorized or regulated by supervisory authorities in the European Economic Area (EEA). PICA provides insurance products for U.S. pension plans in the United States and off-shore U.K. reinsurance to companies that have acquired U.K. pension risk through transactions with U.K. plan sponsors.
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For Compliance Use Only:1047096-00003-00