In these roles, she oversees the company’s efforts to tackle some of society’s most intractable problems by harnessing capital markets to drive social and financial mobility and sustainable growth. Reddy leads this work by leveraging impact investments, philanthropy, corporate contributions and employee engagement with Prudential’s full business capabilities.
Under Reddy’s leadership, Prudential pledged to build an impact investment portfolio of $1 billion by 2020. The portfolio holds more than $500 million in assets under management as of 2016. Additionally, she oversees a yearly budget of $40 million through The Prudential Foundation, which has made more than $780 million in grants and contributions to nonprofit organizations since its founding in 1976. Reddy also oversees a $22 million corporate contributions budget.
Reddy originally joined Prudential in 1997 to manage The Prudential Foundation’s education grants and became vice president of the Foundation in 2002. She left in 2008 to launch a consulting practice and returned to her current role in 2012. For her entire career, she has been dedicated to promoting equity, exemplified through her work as a civil rights attorney with the U.S. Department of Education.
Reddy holds a Bachelor of Arts degree in economics from the University of Michigan and a law degree from Emory University School of Law. She currently serves on the boards of Living Cities and Local Initiatives Support Corporation (LISC) and is on the advisory board for the California Organized Investment Network (COIN). Additionally, she is a fellow of the Aspen Global Leaders Network.
Follow Reddy on Twitter. To learn more about Reddy, please read more here. To speak with Lata about corporate social responsibility and Prudential's shared value strategy, please contact Discretion Winter.