Goldman Sachs exec to join Prudential Financial as CIO

Prudential Financial, Inc. has appointed Matthew (Matt) Armas as Senior Vice President and Chief Investment Officer, effective March 12, 2026.

Armas joins Prudential from Goldman Sachs Asset Management, where he was Global Co-Head of Insurance. In that role, he advised Goldman Sachs’ global insurance clients on portfolio construction across public and private markets.

Armas will succeed Timothy Schmidt, who will retire in 2026 after 16 years with the company. Schmidt will stay on in an advisory capacity through August 31 to ensure a smooth leadership transition.

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