Prudential Bache Commodities Hires Commodities and Financial Futures Veterans

Prudential Bache Commodities LLC, a business of Prudential Financial, Inc. (NYSE: PRU), has hired a team of commodities and financial futures veterans for its New York-based team.

Robert Ascher, Charles Prindiville and Judson Schumacher recently joined Prudential Bache Commodities’ sales team from UBS, where they held similar roles. Previously, they were with Merrill Lynch. They will report to Joseph Noce, head of Futures Sales, New York. Over their long careers the team has built relationships with a broad spectrum of clients, including institutions, hedge funds, commodities trading advisors, high net worth individuals and family offices. They will be based in New York City and focus on delivering Bache’s capabilities in Foreign Exchange, Precious Metals, Base Metals, Global futures execution and clearing services to the company’s client base.

"Robert, Charles and Judson managed one of the most productive sales teams to come from UBS’ acquisition of ABN AMRO’s global futures and options business,” said Carlos Cabrera, senior vice president and head of Listed Derivatives. "This team brings the expertise necessary to build on our commitment to deliver the highest level of service to our clients and fuel our strategic growth plans.”

Prudential Bache Commodities LLC and its U.K. affiliate Bache Commodities Limited are subsidiaries of U.S.-based Prudential Financial, Inc., and are included within the global brand known as Bache Commodities Group. With significant experience and deep market knowledge, Prudential Bache Commodities serves as a full-service Futures Commission Merchant (FCM), offering clients advice, sales and trading opportunities, and global access to all major markets. Bache Commodities Group 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 $542 billion of assets under management as of March 31, 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 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 http://www.news.prudential.com/.