Pru makes AIA merger appointment
Prudential has appointed Rob Devey, chief executive of Prudential UK and Europe, to lead the integration of Prudential Corporation Asia and AIA Group.
Mr Devey will head the project team responsible for the merger, bringing with him the experience of integrating the Retail Banking Operations of Halifax and Bank of Scotland, in a previous post.
He will continue to have oversight and responsibility for Prudential UK and Europe and will be backed in this role by two newly appointed deputy chief executives: Andrew Crossley, managing director, finance and Barry O’Dwyer, managing director, retail life and pensions.
Both now have day-to-day responsibility for the operational management of Prudential UK and Europe.
Commenting on the news, group chief executive, Tidjane Thiam, says: “The appointment of an executive director to lead this effort is a clear indication of how crucial a successful integration is for the future of our company.”
Last month, Prudential confirmed that it had agreed terms with American International Group to acquire AIA.
Pru is paying £23 billion in cash and shares for the business, in a bid to become South East Asia’s leading insurer.
Category: Employment News, Insurance News, Prudential Insurance News
Visited 2040 times, 2 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.