Phyllis Borzi’s right hand man at the Department of Labor’s Employee Benefits Security Administration, Michael Davis, has left his post as deputy assistant secretary of EBSA and joined Prudential Retirement to serve as head of its stable value business.

Davis, who started his post on Monday, told AdvisorOne in an interview the same day that while it was an “extraordinary honor” to have worked with such a “high-caliber” team at EBSA, four years ago when he took his job as part of the Obama administration, “I always said it would be one term.”

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