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Forrest Fairchild Dryden (December 26, 1864 – July 20, 1932) was the president of Prudential Insurance Company of America (now Prudential Financial) from 1912 until 1922. Prudential was founded by his father, John F. Dryden , who was also a United States senator , representing New Jersey.
In 1875, he founded the Widows and Orphans Friendly Society (now Prudential Financial) in Newark, New Jersey, becoming its first secretary and in 1881 its president, serving in the latter position until his death in 1911. [1] His son Forrest succeeded him as president, serving until 1922. [2]
In late 2009, Prudential sold its minority stake in Wachovia Securities Financial Holdings LLC to Wells Fargo & Co. [17] In 2011, Prudential sold Prudential Bache Commodities, LLC to Jefferies. In February 2011, the company acquired AIG Edison and AIG Star both in Japan from American International Group, Inc (AIG) for a total of $4.8 billion. [18]
Houston Main Building. The Houston Main Building [1] (HMB) [2] formerly the Prudential Building, was a skyscraper in the Texas Medical Center, Houston, Texas. It originally housed offices of the Prudential Insurance Company, before becoming a part of the MD Anderson Cancer Center. The building was demolished on January 8, 2012. [3]
Prudential Financial is based in Newark, New Jersey, United States. It began as The Widows and Orphans Friendly Society in 1875, and for a short time it was called the Prudential Friendly Society. For many years after 1877 it was known as the Prudential Insurance Company of America, [1] a name still widely in use.
It was founded in London in May 1848 to provide loans to professional and working people. [5] Prudential has dual primary listings on the London Stock Exchange and Hong Kong Stock Exchange, and is a constituent of the FTSE 100 Index. [6] It also has secondary listings on the New York Stock Exchange and Singapore Exchange.
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Duffield became president of Prudential Insurance Company of America in 1922. [1] Following the retirement of John Grier Hibben , Duffield became acting president of Princeton University from 1932 to 1933.