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Executive Moves - PPM Hires Balestrieri as Senior Managing Director

PPM America, which provides investment services to Prudential affiliates and clients, has hired Anthony Balestrieri as senior managing director and portfolio manager in the firm's public fixed-income and portfolio management group.

Balestrieri will manage Prudential's life fund, which consists of approximately $15 billion in assets. Before accepting the new position, Balestrieri worked for Merrill Lynch Investment Managers, managing $16 billion in institutional fixed-income assets.

Balestrieri's career has spanned 17 years and has included positions at Mitchell Hutchins, Bankers Trust and Metropolitan Life.

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