NEW YORK - Richard Zack has joined Prudential Bache Global Commodities Group as a senior vice president - investments in the Equity Arbitrage Group in New York. He will be responsible for developing the company’s structured products business.

Previously, Zack was with National Bank of Canada where he co-headed its linear options structured products business. Prior to that, Zack held senior positions at Banc of America Securities and Lehman Brothers. Earlier in his career, Zack was Options Branch Chief at the SEC’s Division of Market Regulation in Washington, D.C.

“Richard brings nearly two decades of securities industry experience in equity derivatives, structured products and risk management,” said Ryan Byrne, senior vice president – investments and head of the Equity Arbitrage Group. “His appointment underscores our commitment to expanding our structured products business with institutional investors and high net worth individuals.”

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 $580 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 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/

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