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Prudential Bache Hires Senior Foreign Exchange Salesperson

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^{Published in Business and Finance on Tuesday, August 10th 2010 at 8:10 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Prudential Bache, the commodities and financial derivatives subsidiary of Prudential Financial, Inc. (NYSE:PRU) today announced the appointment of Joseph P. Gelsomino as Vice President, FX Sales. A senior foreign exchange salesperson, Gelsomino will be based in New York and will report to Brian Jaspers, global head of [ foreign exchange. ]

"Joe will focus on developing new client relationships, as well as building on existing relationships, offering both FX and other products"

Gelsomino joins from Natixis Bank. Previously, he worked in senior roles at several other major financial institutions, including 10 years at AIG, where he was a senior marketer of foreign exchange, prime brokerage and commodity trading.

aJoe will focus on developing new client relationships, as well as building on existing relationships, offering both FX and other products,a said Brian Jaspers. aHis broad multi-product experience and knowledge will be a significant asset as we continue to expand our market reach.a

The addition of Gelsomino marks the latest hire in the expansion of [ Prudential Bachea™s ] global foreign exchange team. Other recent hires include Jonathan Webb as Head of FX Strategy and George Tsiourvas as Vice President, FX Sales. Both are based in London.

[ Prudential Bache ] isthe commodities and financial derivatives subsidiary of Prudential Financial, Inc. Prudential Bache offers a full range of foreign exchange trading capabilities, electronic pricing, and online order management to its broad client base. With trading desks in New York and London, Prudential Bache offers access to all major exchanges, products and currency pairs.

Prudential Bache and its U.K. affiliate, Bache, are subsidiaries of U.S.-based Prudential Financial, Inc. With significant experience and deep market knowledge,the company serves as a full-service Futures Commission Merchant (FCM), offering clients advice, sales and trading opportunities, and global access to all major markets. Prudential Bache offers a broad range of commodity, financial futures, and options capabilities; market-making on a spot and forward basis in precious and base metals, as well as in foreign exchange. For more information, please visit [ http://www.prudentialbache.com ].

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $690 billion of assets under management as of June 30, 2009, 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 individual and institutional customers grow and protect their wealth. In the U.S., the companya™s 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 [ http://www.news.prudential.com ].