Pru Retirement elevates ReddyNews added by Benefits Pro on March 24, 2014

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By Paula Aven Gladych

Prudential Retirement 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 has $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 employer-sponsored 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. “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, a division of Prudential Financial, delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art recordkeeping, administrative services, investment management, comprehensive employee investment education and communications and trustee services.

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