Flesaker is responsible for leading quantitative research and the team that develops models to assist traders and portfolio managers in identifying investment opportunities. The group also works with risk managers to quantify risks within investment portfolios, according to the announcement.
He reports to Arvind Rajan, managing director and head of quantitative research and risk management at Prudential Fixed Income.
The announcement said Flesaker has spent more than a decade leading fixed income quantitative research, modeling, and derivatives activities at major financial firms. Most recently, he worked for Bloomberg, first as a senior member of its quantitative research group and then as a credit derivatives business manager.
Flesaker holds a Ph.D. in finance from the University of California-Berkeley and has served on the finance faculty of the University of Illinois at Urbana-Champaign.