Prashant Yerramalli

Special Advisor

Prashant Yerramalli provides strategic legal guidance and support to CalPERS leadership and the board in his role as special advisor. He joined CalPERS in October 2025 and will be appointed general counsel upon passing the California Bar Exam, which he is scheduled to take in February 2026.

As interim special advisor, Yerramalli also oversees Enterprise Compliance, Risk & Governance, the Information Security Office, and the Equal Employment Opportunity Program.

Yerramalli has decades of public and private legal experience in investment management and finance. He was chief of staff for the U.S. Securities and Exchange Commission (SEC) and served as the chair’s lead advisor on strategy, policy enforcement, operations, and rulemaking. He most recently worked as vice president of operations and regulatory affairs for Public.com, an online multi-asset investing platform.

Earlier in his career, Yerramalli worked at Brookfield Asset Management, as well as the law firms Jenner & Block and WilmerHale. 

He began his career in public service as a law clerk to the Honorable Naomi Reice Buchwald in the Southern District of New York and served both as an enforcement attorney and counselor to SEC Commissioner Robert Jackson.

Yerramalli earned a bachelor’s degree in public policy from Brown University and juris doctor from Harvard Law School.