AST BlackRock Value Portfolio - Prudential Annuities

AST Goldman Sachs Small-Cap Value Portfolio
The portfolio managers responsible for managing the Portfolio are J. Kelly Flynn, Sally Pope Davis, and Robert Crystal, and Sean
A. Butkus.
Kelly Flynn,
Managing Director, Portfolio Manager.
Kelly is a portfolio manager for the US Value Equity Team, where he has broad research responsibilities across the value strategies.
Prior to joining Goldman Sachs Asset Management in 2002, Kelly spent 3 years at Lazard Asset Management as a Portfolio
Manager for Small Cap/SMID Cap Value products. Before Lazard, Kelly was a small cap value Portfolio Manager at 1838
Investment Advisors. Previously, he worked for Edgewater Private Equity Fund as a Research Analyst and for First Boston in the
Mergers and Acquisitions Department. Kelly has 21 years of industry experience. He received a BA from Harvard and an MBA
from the Wharton School of Business at the University of Pennsylvania.
Sally Pope Davis,
Managing Director, Portfolio Manager.
Sally is a portfolio manager for the US Value Equity Team, where she has broad research responsibilities and oversees the portfolio
construction and investment research for the firm’s Small Cap Value Strategy. Prior to joining Goldman Sachs Asset Management in
2001, Sally was a Relationship Manager for two years in Private Wealth Management. Previously, she was a sell-side Bank Analyst
for ten years in the Goldman Sachs Investment Research Department. Before her experiences at Goldman Sachs, Sally spent two
years as a Bank Analyst at Brown Brothers Harriman & Co. and six years at Chase Manhattan. Sally has 31 years of industry
experience. She graduated Summa Cum Laude with a BS in Finance from the University of Connecticut and received her MBA
from the University of Chicago Graduate School of Business.
Robert Crystal,
Managing Director, Portfolio Manager.
Robert is a portfolio manager on the US Value Equity Team, where he has broad research responsibilities and oversees the
portfolio construction and investment research for the firm’s Small Cap Value Strategy. Before joining Goldman Sachs Asset
Management, Rob was a Director at Brant Point Capital Management LLC. Before that, he was a Vice President at Schroder
Investment Management and Assistant Vice President at Wheat First Butcher Singer. Rob has 15 years of industry experience. He
received his BA from the University of Richmond and his MBA from Vanderbilt University. Rob joined the Value Team in March
of 2006.
Sean Butkus, CFA
Vice President, Portfolio Manager
Sean is a portfolio manager on the US Value Equity Team, where he has broad research responsibilities across the value strategies.
Sean joined Goldman Sachs Asset Management in 2004. Previously, he worked on the Business Planning Team of the Investment
Management Division at Goldman Sachs, providing analytical support and offering strategic advice to the division’s management
team. Before joining Goldman Sachs, he worked at Arthur Andersen LLP. Sean has 15 years of industry experience. He received
a BS in Natural Science and Accounting from Muhlenberg College and an MBA in Finance from the Wharton School of Business
at the University of Pennsylvania.
AST High Yield Portfolio
J.P. Morgan Segment. The portfolio management team for the J.P. Morgan segment of the High Yield Portfolio is comprised of
William J. Morgan, James P. Shanahan, and James E. Gibson.
William J. Morgan, managing director, is the Senior Portfolio Manager and team leader for the (Columbus/Cincinnati) High Yield
group. Mr. Morgan has 30 years of investment experience. He became an employee of J.P. Morgan Asset Management in March
2005 and prior to that time held the same role at Banc One High Yield Partners, LLC and Pacholder Associates, Inc. Mr. Morgan
holds a BA in History from Kenyon College and a MBA from Xavier University.
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