– UK, London – Prudential plc (LON: PRU), today announced the appointment of Mark Saunders to its Board as a Non-Executive Director effective from 1 April 2024.
“I am delighted that Mark is joining us. He brings deep experience of the insurance industry in our key markets, and his blend of commercial insight and actuarial skills and experience will be a great asset to the Board and to the Audit and Risk Committees,” said Board Chair, Shriti Vadera.
Mark Saunders will also join the Audit and Risk Committees.
The company also announced that the Chair of the Audit Committee, David Law, will retire from the Board after the AGM on 23 May 2024.
About Mark Saunders
Mark Saunders has extensive knowledge of the insurance industry and Asia markets having been employed in the industry for 35 years, with the last 30 of those based in Hong Kong, and is a qualified actuary. From 2014 to 2022, he served on the executive committee of AIA Group Ltd as Chief Strategy and Corporate Development Officer. He previously spent over 16 years at Tillinghast where he led a large number of actuarial appraisal value assessments of insurers across 20 markets in Asia Pacific, ultimately becoming leader of the Hong Kong business.
Starting his actuarial career in 1988 at UK-headquartered insurance business Clerical Medical Investment Group, he relocated to Hong Kong in 1994. Mr Saunders joined Tillinghast in 1997 and during his 16-year tenure he led actuarial appraisal value assessments of insurers across 20 markets in Asia Pacific, ultimately becoming the leader of the Hong Kong business and transforming the Asia Pacific Insurance consulting practice. In 2014, he joined the executive committee of AIA Group Ltd as Group Chief Strategy and Corporate Development Officer, where he served for eight years.
Since retiring in March 2022, Mr Saunders has remained active in the insurance industry via formal and informal advisory roles. He is currently a Senior Advisor to Blackstone Credit & Insurance (a business unit of Blackstone Inc.), an External Advisor to the Financial Services Practice of Bain and Company, and serves on several industry councils and associations.
Mr Saunders is a Fellow of the Faculty of Actuaries of the UK and the Actuarial Society of Hong Kong.
About Prudential plc
Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange. It also has a secondary listing on the Singapore Stock Exchange and a listing on the New York Stock Exchange in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect program and the Shanghai-Hong Kong Stock Connect program.
Prudential 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.
SOURCE: https://www.prudential.com
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