– UK, London – Prudential plc (LON: PRU) today announced the appointments of Chua Sock Koong and Ming Lu to its Board as Non-Executive Directors, effective on 1 May 2021.
Both have a pan-Asian experience to bring to the Board of Directors.
“The Board is appointing individuals with the experience and skills to guide Prudential’s transformation into a business focused exclusively on Asia and Africa. I am therefore delighted that Chua Sock Koong and Ming Lu are joining the Board. Chua Sock Koong has had a distinguished career with operational experience in many of our key markets, while Ming Lu has a long track record of investing and developing businesses throughout Asia.” said Board Chair, Shriti Vadera.
About Chua Sock Koong
Chua Sock Koong has 30 years’ experience in business leadership and operations throughout Asia. She led Singtel Group, one of Asia’s largest telecoms businesses, for 13 years as Group Chief Executive, following seven years as Group CFO.
Chua Sock Koong led Singtel Group, one of Asia’s largest telecoms businesses, for 13 years as Group Chief Executive and seven years as Group CFO She was appointed as a Member of Singapore’s Public Service Commission in January 2009 and became Deputy Chairman in January 2020.
Ms. Chua sits on the boards of Bharti Airtel Limited, Bharti Telecom Limited, the Defence Science and Technology Agency, and Cap Vista Pte Ltd.
She is a Member of Singapore’s Council of Presidential Advisors and Research, Innovation and Enterprise Council, and is a Fellow Member of the Institute of Singapore Chartered Accountants.
She is a CFA Charterholder and holds a degree in Accountancy from the University of Singapore.
About Ming Lu
Ming Lu has over 30 years’ experience of investing and developing businesses throughout the Asia Pacific region. He has been with KKR since 2006 and is currently a Partner and Head of KKR Asia Pacific, playing a leadership role in KKR Asia’s growth and expansion. He has held various operating and investing positions throughout his career, including working for eight years at CITIC, one of China’s largest businesses.
Ming Lu is a Partner and the Head of Asia Pacific at KKR. He joined KKR in 2006 and currently serves as a member of the KKR Asian Private Equity Investment Committee, KKR Asian Portfolio Management Committee, and KKR Investment, Management, and Distribution Committee. Mr. Lu has played a significant role in private equity investments across the Asia Pacific. Since 2018, he has played a leadership role in KKR Asia’s growth and expansion, including serving as a member of the Asian Infrastructure Investment Committee and Asian Real Estate Investment Committee.
He is a Non-Executive Director of Jones Lang LaSalle, Inc. and a director of Goodpack Limited. He was previously a Partner at CCMP Capital Asia (formerly J.P. Morgan Partners Asia). At J.P. Morgan Partners Asia, Mr. Lu was responsible for investments in the automotive, consumer, and industrial sectors in Korea, China, Japan, Australia, and southeast Asia.
Before joining J.P. Morgan Partners Asia in 1999, Mr. Lu was President of Asia Pacific at Lucas Varity, a leading global automotive component supplier. From 1993 to 1997, Mr. Lu worked for Kraft Foods International Inc. From 1985 to 1993, he worked for CITIC, the largest direct investment firm in China.
Mr. Lu received a B.A. in Economics from the Wuhan University of Hydroelectrical Engineering in China and an M.B.A. from the University of Leuven in Belgium.
About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps people get the most out of life through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore, and New York. Prudential plc is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
For more information: https://www.prudential.com
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