Prudential plc today announces that Pierre-Olivier Bouée, Group Chief Risk Officer, will join the Prudential plc Board with immediate effect.  Mr Bouée replaced John Foley as Group Chief Risk Officer in August 2013 when the latter was appointed to the new role of Group Investment Director to strengthen Group oversight of Prudential’s financial investments. Mr Foley will be stepping down from the Board today but will continue in his role as Group Investment Director and as a member of Prudential’s Group Executive Committee.

Paul Manduca, Chairman, Prudential plc, said: “I am very pleased that Pierre-Olivier is now joining the Board as Group Chief Risk Officer, having spent eight months performing this role on the Group Executive Committee. As we said when we appointed Pierre-Olivier’s predecessor, John Foley, we believe it is important that at a large, complex financial services business such as ours the Chief Risk Officer is represented on the main Board.

“On behalf of the Board, I would like to thank John for his excellent contribution over the past three years and I am pleased that he will continue to fulfil the vital role of Group oversight over financial investments as a member of the Group Executive Committee.”

Pierre-Olivier Marie Georges Bouée joined Prudential in 2008 as Business Representative for Asia and Director of Strategy and Corporate Development. At the same time he joined the Board of Prudential Corporation Asia. In 2009 he took on the additional role of Managing Director CEO Office, while maintaining his responsibilities for Group strategy and coordinating the relationship between Group Head Office and the Asian business. From 2004 until 2008, he worked for Aviva, first as Director of Group Strategy and then as Director of Central & Eastern Europe. Mr Bouée began his career as a civil servant in the French Treasury before joining McKinsey in 2000 as a consultant working mainly in the international financial institutions sector. Age 43.

About Prudential plc

Prudential plc is incorporated in England and Wales, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for more than 165 years and has £443 billion in assets under management (as at 31 December 2013). 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.

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