Michael Herskovitz
- Role
- Managing Director at Prudential Financial
- Location
- New York, NY, US
- LinkedIn followers
- 500 followers
Experience
Managing Director
May 2020 — Present · Newark, NJ, US
SCOPE: Tapped to lead as the CIO for Corporate Systems, driving technology innovation and implementation across Finance, Actuarial, Risk Management, Legal/Compliance, Chief Investment Office, Human Resources, Real Estate, and Communications. Support for 450 full-time employees and 425 contractors with an annual budget of $220M. KEY CONTRIBUTIONS: Facilitated boost in net interest income (tens of millions of dollars). Deployed Aladdin portfolio management system to Chief Investment Office. Completed complex task in rapid time, 6 months. Appointed to core team of fast-growing new business started by Prudential utilizing complex strategy of managing multi-asset portfolio with funding from insurance liabilities. Attracted $10B+ in third-party investment funds. Built cohesive team from siloed/decentralized structure with disparate technology structures. Embraced firm-wide standards, initiated strategic data renovation, migrated to cloud-based architecture, and adopted Agile framework. Appointed stakeholder in return-to-office strategy following COVID-19 pandemic. Served on cross-functional team to implement new approach for office space management including open seating and reservation system. Served as Executive Sponsor for New Jersey Institute of Technology, developing co-op program and implementing mentoring and part-time work opportunities for grad students. Understood value of corporate leaders and staff relationships. Mentored teams to build culture of trust, integrity, and quality delivery. Retained top talent and rewarded excellent performance.
Education
Carnegie Mellon University
Bachelor of Science, Management Science (Operations Research)
Texas McCombs School of Business
Post Graduate Program in Artificial Intelligence and Machine Learning: Business Applications, Artificial Intelligence
Carnegie Mellon University - Tepper School of Business
Master of Science Industrial Administration, Finance
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