NEWARK-There are changes taking place at the top forPrudential Mortgage Capital Co. PresidentDavid Twardock plans to end a 15-yeartie to the firm when he retires in April. DavidDurning will be taking his place.
PMCC, which has $72 billion in assets under management andadministration, is a business of Prudential Financial Inc. Twardockhas been president since 1999, and Durning, who is a 24-yearveteran of the company, is currently senior managing director andhead of originations.
“A test of any business is its capacity to manage change andmaintain its competitive position over time,” said DavidHunt, CEO of Prudential Investment Management, in astatement. “Dave Twardock has worked tirelessly to lead thetransformation of our mortgage business from a single line businesssupporting Prudential's general account to a full-servicecommercial mortgage company offering a range of capitalsources,”
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
