Prudential Retirement Names New Head of Investments for Full Service Business

Business Wire

NEWARK, N.J.--(BUSINESS WIRE)--

Prudential Retirement, a business unit of Prudential Financial, Inc., announced that it has named Srinivas Reddy to a newly created role overseeing investments for its Full Service business as of Monday, March 17. In this role, Reddy will be responsible for all aspects of the investment and retirement income businesses within Prudential Retirement, which consists of $170B in assets under administration and relationships with more than 60 affiliate and third-party asset managers for a variety of institutional separate accounts and funds offered through work-site based defined benefit and defined contribution retirement plans. Reddy will report directly to Jamie Kalamarides, head of Institutional Investment Solutions for Prudential Retirement.

“I’m confident in Sri’s ability to lead our business and work closely with our asset managers, which is critical in our ability to deliver competitive, innovative and relevant products specifically designed for the retirement plan market,” Kalamarides said. “His passion for building new client relationships in addition to his experience will allow Prudential to expand our leadership position in the Retirement market.”

Reddy joined Prudential Retirement in 2010 to lead the Retirement Income business. Prior to joining Prudential, he had a number of leadership roles in investments and retirement services with USAA and ING. Prior to joining ING, Reddy served as a consultant with Ernst & Young and has also worked in a consulting capacity in Asia.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of over 3.8 million participants and annuitants. Prudential Retirement has $322.9 billion in retirement account values as of December 31, 2013. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates.

Prudential Financial, Inc. (PRU), a financial services leader with more than $1.1 trillion of assets under management as of December 31, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

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Contact:
Prudential Retirement
Tanya Valle, 973-802-4370
tanya.valle@prudential.com
or
Monique Reuben, 973-802-3745
monique.reuben@prudential.com

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