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BRIEF-Prudential names John Foley as CEO of combined UK business
August 10, 2017 / 8:44 AM / 3 months ago

BRIEF-Prudential names John Foley as CEO of combined UK business

Aug 10 (Reuters) - Prudential Plc:

* TO COMBINE ITS ASSET MANAGER, M&G, AND PRUDENTIAL UK & EUROPE (PRUDENTIAL UK&E) TO FORM M&G PRUDENTIAL

* JOHN FOLEY, CURRENTLY CHIEF EXECUTIVE OF PRUDENTIAL UK&E, WILL BECOME CHIEF EXECUTIVE OF M&G PRUDENTIAL AND REMAINS A MEMBER OF PRUDENTIAL PLC BOARD

* ANNE RICHARDS WILL REMAIN CHIEF EXECUTIVE OF M&G AND A MEMBER OF PRUDENTIAL PLC BOARD

* ANNE RICHARDS AND CLARE BOUSFIELD, CEO INSURANCE FOR PRUDENTIAL UK&E, WILL BECOME DEPUTY CHIEF EXECUTIVES OF M&G PRUDENTIAL

* SHAREHOLDERS ARE EXPECTED TO CONTRIBUTE £250 MILLION TOWARDS M&G PRUDENTIAL‘S INVESTMENT, TO BENEFIT FROM COST SAVINGS OF £145 MILLION PER ANNUM BY 2022 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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