UK insurer Prudential to locate next CEO in Asia as part of transformation

Aaronn Sittig

3 years ago

Prudential, the biggest UK insurer by market value, said it plans to place its next CEO in Asia when Mike Wells, its top executive, retires in March, the latest step in its transformation and greater reliance on the region.Since becoming CEO in 2015, Wells has shifted the London-based company’s focus to primarily providing life and health insurance and asset management services in Asia and Africa, spinning off its UK and European retirement business in 2019 and its US retirement arm last year…

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