Prudential Fixed Income's global head of product managementand distribution, Peter Cordrey, will retire in the fourth quarter.

In light of Cordrey's pending retirement, the subsidiary hired Bas NieuweWeme, effective May 9, as a managing director.NieuweWeme, who most recently served as head of institutional distribution atVoya Financial Inc.unit Voya Investment Management, will lead Prudential Fixed Income's globalclient service, consultant relations, distribution, liability-driven investingand marketing teams.