Prudential Retirement, a business unit of Prudential Financial Inc., announced Monday that it has named Srinivas Reddy to a newly created role overseeing investments for its full-service business.
Reddy will be responsible for all aspects of the investment and retirement income businesses within Prudential Retirement, which consists of $170 billion 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.
He 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 in a statement. “His passion for building new client relationships in addition to his experience will allow Prudential to expand our leadership position in the Retirement market.”