Prudential UK appoints CEO

Mr Foley was appointed Interim Chief Executive of Prudential UK & Europe in October last year following the departure of Tidjane Thiam. He was previously Group Investment Director, and has worked as Group Chief Risk Officer and in senior investment and risk management positions since joining Prudential in 2000.

Mike Wells, Group Chief Executive of Prudential, said:

“John has played a huge role in the Group’s success in recent years. He helped to steer the Group through the financial crisis as Chief Risk Officer and has gone on to strengthen our investment oversight as Group Investment Director. I am therefore delighted that he has now agreed to lead Prudential UK & Europe. He will be able to deploy his leadership skills and exceptional knowledge of the investment landscape to provide the best possible outcomes for our shareholders and our millions of customers in the UK.”

Paul Manduca, Chairman of Prudential, said:

“John has more than 35 years’ experience in financial services and an in-depth knowledge of Prudential UK & Europe. His appointment, which followed an internal and external search, demonstrates once again the value of the Board’s rigorous succession planning process.”

John Foley added:

“I am delighted that I am joining the team at Prudential UK & Europe on a permanent basis. I know the business well and look forward to helping it to continue to meet the needs of our millions of customers in the fast-changing UK market.”