AST BlackRock Value Portfolio - Prudential Annuities

Ryan Kelly, CFA, is Principal and high yield portfolio manager for Prudential Fixed Income’s High Yield Team. Prior to assuming
his current position in 2012, Mr. Kelly was a high yield credit analyst for nearly 10 years in Prudential Fixed Income’s Credit
Research Group, covering the automotive, energy, and finance sectors. Previously, Mr. Kelly was a senior high yield bond analyst
at Muzinich & Company. Earlier, he was a senior associate at PNC Capital Markets/PNC Bank where he worked in the high yield
bond, mergers and acquisition (M&A) and loan syndication groups. Mr Kelly began his career as an investment banker at Chase
Manhattan Bank, working on project finance transactions and M&A advisory mandates for the electric power sector. He earned a
BA in Economics from Michigan State University and holds the Chartered Financial Analyst (CFA) designation.
AST International Growth Portfolio
William Blair Segment. W. George Greig is responsible for the day-to-day management of the segment of the Portfolio managed
by William Blair.
Mr. Greig, a principal of William Blair, has headed the firm’s international investment management team since 1996. He serves as
the Portfolio Manager for the William Blair International Growth Fund as well as leading the Portfolio Team on separately
managed portfolios. Before joining William Blair, he headed international equities for PNC Bank in Philadelphia from 1995 to
1996 and previously served as Investment Director with London-based Framlington Group PLC as well as managing global and
emerging markets funds there. He has over twenty-five years of experience in domestic and international investment research and
portfolio management. Education: BS, Massachusetts Institute of Technology; MBA, Wharton School of the University
of Pennsylvania.
Marsico Segment. James G. Gendelman co-manages the Marsico-managed sleeve of the AST International Growth Portfolio. Prior
to joining Marsico in 2000, Mr. Gendelman spent 13 years as a Vice President of International Sales for Goldman, Sachs & Co. He
holds a bachelor’s degree in Accounting from Michigan State University and a MBA in Finance from the University of Chicago.
Mr. Gendelman was a certified public accountant for Ernst & Young from 1983 to 1985.
Munish Malhotra, CFA co-manages the Marsico-managed sleeve of the AST International Growth Portfolio. Mr. Malhotra is a
senior analyst who joined Marsico in May 2003. He earned the Chartered Financial Analyst designation in 2006, and has more
than ten years of experience in the financial services industry. Mr. Malhotra was previously employed as an international equities
analyst at Driehaus Capital Management in Chicago from 2000-2003. He earned a BA degree in Economics from Loyola
University of Chicago.
Jennison Segment. Mark Baribeau and Thomas Davis are the portfolio managers of the segment of the Portfolio managed by
Jennison and have final authority over all aspects of the segment’s investment portfolio, including but not limited to, purchases
and sales of individual securities, portfolio construction, risk assessment and management of cash flows.
Mark Baribeau is a portfolio manager of the Portfolio. He joined Jennison in April 2011. He was previously with Loomis Sayles for
over 21 years, where he was lead portfolio manager for the global equity opportunities strategy since 2005. In addition, he
managed large cap growth portfolios from 1992 to 2010, serving as lead-manager from 1999 to 2010. Prior to his tenure at
Loomis, Mr. Baribeau was an economist at John Hancock Financial Services. He earned a BA degree in Economics from the
University of Vermont and an MA degree from the University of Maryland. He is a Certified Financial Analyst (CFA).
Thomas Davis is a portfolio manager of the Portfolio. He joined Jennison in April 2011. He was previously with Loomis Sayles for
11 years, most recently as a co-portfolio manager with Mark Baribeau of global equity portfolios. He began his tenure at Loomis
as a research analyst covering domestic insurance companies, securities brokers, exchanges, asset managers and
government-sponsored enterprises and as a portfolio manager for a financial sector strategy. Prior to Loomis, he was a global
equity research analyst at Putnam Investments covering insurance companies, Asian property developers and REITs. He earned a
BA degree in Economics from Dartmouth College and an MBA from Duke University.
The portfolio managers are supported by other Jennison portfolio managers, research analysts and investment professionals.
Jennison typically follows a team approach in providing such support to the portfolio managers. The teams are generally organized
along product strategies (e.g., large cap growth, large cap value) and meet regularly to review the portfolio holdings and discuss
security purchase and sales activity of all accounts in the particular product strategy. Team members provide research support,
make securities recommendations and support the portfolio managers in all activities. Members of the team may change from time
to time.
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