NEW JERSEY—Hal Collett has been named president of Prudential Asset Resources announced Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial Inc.

In this role, Collett will be responsible for the servicing and asset management operations associated with Prudential Mortgage Capital Company’s commercial real estate loan portfolios valued at $69.42 billion.

Collett joined Prudential Mortgage Capital Company in 2002 and was most recently vice president of asset management and credit surveillance.

Prior to joining Prudential, Collett was manager of investor reporting at ORIX Capital Markets where he also served as a special servicer asset manager. He began his commercial real estate industry career at Bank One followed by five years at Nomura, an international investment banking and securities firm.