Summary
Overview
Work History
Education
Skills
Additional Information
Timeline
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Sara M. Bonesteel

Sara M. Bonesteel

Ann Arbor,MI

Summary

Results-focused investment leader with more than 30 years of progressive industry experience in insurance, asset management and banking. Strategically manage investments amid complex constraints to meet and exceed business objectives. Excellent leadership and decision-making skills. Adept at developing teams through coaching and inclusivity. Independent regulatory board member for a Fortune 500 company.

Overview

32
32
years of professional experience

Work History

Chief Investment Officer, International Insurance

Prudential Financial
Newark, NJ
02.2020 - 05.2024
  • Responsible for ALM and investment portfolio for more than $200 billion in assets in Japan, Brazil, Argentina and Mexico
  • Develop strategic asset allocation (SAA) and tactical allocations for portfolios in multiple currencies.
  • Directly manage 17-person team in US and oversee all investment functions in Japan and Latin America
  • Oversee investment function in joint ventures in China, India, and Indonesia
  • Promote consistency of investment philosophy across both developed and emerging markets
  • Consistently exceeded income in investment plan by developing new investment tools and tactics within risk tolerance
  • Provide strategic advice on M&A opportunities, product pricing, and currency hedging

Chief Investment Officer, Workplace Solutions

Prudential Financial
Newark, NJ
07.2016 - 02.2020
  • Managed investment portfolios for Prudential's Retirement and Group businesses with assets of more than $125 Billion.
  • Developed annual SAA and tactical asset allocation within multiple constraints (statutory, GAAP, risk, tax)
  • Responsible for asset portfolio strategy for Pension Risk Transfer (PRT) business
  • Advocated and promoted new investment opportunities in structured products and derivatives
  • Presented performance attribution on quarterly basis to stakeholders

Managing Director, Head of Portfolio Strategy

Prudential Financial
Newark, NJ
01.2013 - 07.2016
  • Built dedicated team to set investment strategy for Prudential's insurance portfolios globally.
  • Developed robust portfolio strategy framework to set strategic and tactical investment direction within longer-term strategic asset allocation.
  • Primary liaison with all in-house asset managers.
  • Led cash-portfolio segment of multi billion dollar variable annuity hedging project across multiple functional areas, which reduced income volatility and liquidity needs.
  • Sourced, developed and executed bespoke trade strategies to take advantage of insurance company's unique attributes as an investor.

Managing Director, Head of Alternative Products

PGIM
Newark, NJ
09.2008 - 01.2013
  • Led $12 billion AUM CLO and hedge-fund asset management business.
  • Advocated for CLO business to upper management, securing $125 million in internal capital commitments from 2011 to 2013.
  • Oversaw structural development and execution of two hedge funds; marketed funds to investors and consultants.
  • Forged strong relationships with CLO bankers and investors; regularly spoke at conferences to promote Prudential's CLO platform; frequently consulted by financial reporters.
  • Conceptualized and executed multiple bespoke investments, including leading team which made $1.2bln investment in first round of TALF in 2009.

Senior Managing Director

Bear, Stearns & Co. Inc.
New York, NY
11.1992 - 09.2008
  • Structured-finance banker, earned 5 promotions in 12 years to Senior Managing Director.
  • Managed structuring desk for products including whole-loan mortgages, agency mortgages, CLOs, and resecuritizations
  • Innovated unique financing vehicles for firm and clients including a Structured Investment Vehicle (SIV)

Education

MBA -

Columbia University
New York, NY

Bachelor of Arts - English

Georgetown University
Washington, DC

Skills

  • Insurance Portfolio Management
  • Complex Problem Solving
  • Strategic Planning and Execution
  • Stakeholder Management
  • Relationship and Team Building
  • Leadership, Coaching and People Development
  • Results Orientation
  • Structured Products Experience
  • Board of Directors Experience

Additional Information

  • Independent Director, Standard and Poor's Financial Services LLC (Regulatory Board for S&P Global Ratings), 2020-present
  • Investment Oversight Committee Member, Prudential Employee Pension Plans, 2018-present
  • Director, PGIM LOM, UK regulated company, 2020-present
  • Board of Trustees, Chairman of Investment Committee, The Newark Museum of Art, 2016-present
  • Neuroleadership Coach Training (2016-2018) and regularly coach and mentor employees
  • Leadership roles in Prudential Investment Management Women's Advisory Council (2012-2015) and Bear Stearns Fixed Income Women's Network (2004-2008)


Timeline

Chief Investment Officer, International Insurance

Prudential Financial
02.2020 - 05.2024

Chief Investment Officer, Workplace Solutions

Prudential Financial
07.2016 - 02.2020

Managing Director, Head of Portfolio Strategy

Prudential Financial
01.2013 - 07.2016

Managing Director, Head of Alternative Products

PGIM
09.2008 - 01.2013

Senior Managing Director

Bear, Stearns & Co. Inc.
11.1992 - 09.2008

MBA -

Columbia University

Bachelor of Arts - English

Georgetown University

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Sara M. Bonesteel