About
Prue B. Larocca has served as a director of AGNC Investment Corp. since 2013, as Lead Independent Director since May 2016, and as Vice Chair since July 2021; she previously served as the Board's Chair from May 2016 until July 2021.
She is a retired investment banking executive and widely recognized expert in housing finance and securitization. She was a Managing Director of Royal Bank of Scotland in the Mortgage Backed and Asset Backed Finance Group from 1997 until her retirement in 2011.
Earlier, Ms. Larocca was a Senior Vice President at Lehman Brothers in the mortgage finance business, managed the consumer and single-family securitization business for the Resolution Trust Corporation, and practiced law with Milbank, Tweed, Hadley and McCloy and Kutak Rock. She is a graduate of the Georgetown University Law Center and Indiana University.
Roles
AGNC Investment Corp.
Director; Lead Independent Director and Vice Chair · Current role
2013–present
Royal Bank of Scotland
Managing Director, Mortgage Backed and Asset Backed Finance Group · Retired from RBS in 2011.
1997 - 2011
Lehman Brothers
Senior Vice President, mortgage finance
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Resolution Trust Corporation
Managed consumer and single-family securitization business
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Milbank, Tweed, Hadley and McCloy; Kutak Rock
Attorney
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Royal Bank of Scotland
Managing Director, Mortgage-Backed and Asset-Backed Finance Group
1997 – 2011
Resolution Trust Corporation
Manager, consumer and single-family securitization business · Also practiced law at Milbank, Tweed, Hadley & McCloy and Kutak Rock.
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External Roles
Housing Preservation Foundation
Former board member
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Washington School for Girls
Former board member
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American Securitization Trade Association
Former board member
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Director Compensation
FY 2025
Fees Earned or Paid in Cash
$265,000
Also at AGNC Investment Corp.