Submitted by Prudential Financial, Inc.
Kiyofumi Sakaguchi, a native of Amakusa, Kumamoto Prefecture on the island of Kyushu, Japan's southernmost island, traveled to the United States in 1963 to attend Lebanon Valley College. He was an active student and met his wife, Joanne Cochran '67 of Danville, Pa., at LVC. The couple later had three children together.
After graduating from LVC in May 1967 with a bachelor of science degree in mathematics, Sakaguchi earned a master's degree in actuarial science from Northeastern University in 1969. In 1975, Sakaguchi became the first native of Japan to finish the actuarial examinations and become a Fellow of the Society of Actuaries in the United States.
After almost 19 years in the United Sates, Sakaguchi consulted with, then joined Sony Prudential Life Insurance Co., Ltd., a joint venture between Prudential and Sony Corporation. Sakaguchi, along with his wife, Joanne, and three sons, Haruhiko, Tetsuya, and Kengo, re-located to Tokyo. He was appointed deputy president and, in 1985, promoted to president. When Prudential disengaged from the joint venture in 1987, Sakaguchi became president of The Prudential Life Insurance Co., Ltd., a newly-formed, wholly-owned subsidiary of Prudential in Japan.
In 1992, Sakaguchi was promoted to president and CEO, Asia Pacific Region of Prudential's International Insurance operations and, in 1994, he became chairman and CEO of the Prudential Life Insurance Co, Ltd. (Japan). He was again promoted in 1995 to president and CEO of Prudential International Insurance and senior vice president of the Prudential Insurance Company of America. He was promoted once more to executive vice president of the Prudential Insurance Company of America, in 1998.
In 1995, after the tragic death of his wife, Sakaguchi established The Joanne Sakaguchi Memorial Scholarship at Lebanon Valley College in honor of his late wife. This scholarship helps make it possible for other students from Japan to attend Lebanon Valley College.
Following his passing in 2002, The Prudential Foundation continued to build upon the generosity of Kiyofumi Sakaguchi by making a gift in his name to establish a companion scholarship program for Japanese students and to create the Kiyofumi Sakaguchi Mathematics Library in Lynch Memorial Hall.
Prudential Financial companies, with approximately $568 billion in total assets under management as of June 30, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services.
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