– UK, London – Prudential plc (LON: PRU) today announced the appointment of Arijit Basu and Dr. Claudia Suessmuth-Dyckerhoff (Ph.D.) to its Board as Non-Executive Directors, subject to regulatory approvals.
Mr. Basu will also join the Audit Committee and Responsibility & Sustainability Working Group.
“I am delighted that we have been able to appoint two new Non-executive Directors with the knowledge and experience of insurance, health and technology in Asia that Claudia and Arijit bring.” said Board Chair, Shriti Vadera.
About Arijit Basu
Mr. Basu has extensive experience in the banking and insurance industries in India. He was Managing Director and CEO of SBI Life Insurance Company, one of India’s leading life insurers, from 2014 until 2018 and took it public in 2017. He has held senior positions at the State Bank of India (SBI Bank) in a career spanning nearly 40 years. He is also a member of the Academic Advisory Council of the College of Supervisors established by the Reserve Bank of India (RBI) to advise the regulator on supervisory colleges.
Mr. Basu has an in-depth understanding of the life insurance sector, having served as Managing Director and CEO of SBI Life Insurance Company Ltd (a subsidiary of SBI Bank, which was successfully listed in 2017), from 2014 to 2018. He was also a consultant to the Life Insurance Corporation of India in preparation for its IPO in May 2022.
Mr. Basu was appointed chairman of the Board of HDB Financial Services Ltd in June 2021, a leading financial services firm and subsidiary of HDFC Bank Ltd. He is a senior advisor to leading firms, including Ares SSG, AZB & Partners, and Deloitte Shared Services India LLP. In January 2021 he was appointed by the RBI as a member of its Academic Advisory Council. He is also a director of Peerless Hospitex Hospital and Research Center Ltd.
Mr. Basu retired as the Managing Director of SBI Bank in September 2020 having joined the bank in 1983. He held several senior positions at the bank, in Retail, Corporate, and International Banking, Business Process Re-Engineering, IT, and Risk Management.
Mr. Basu holds an Honours degree in Economics and a Master’s degree in History from the University of Delhi.
About Dr. Claudia Suessmuth-Dyckerhoff
Dr. Suessmuth-Dyckerhoff has a deep and broad knowledge of the healthcare services sector and health technology across China and the broader Asia-Pacific region. She has spent much of her career based in Shanghai and, more recently, in Hong Kong and has worked with healthcare providers, governments, insurers, pharmaceuticals, and medical device companies.
Dr. Suessmuth-Dyckerhoff joined the global consultancy firm McKinsey & Partners in 1995 and worked in several senior roles. She was responsible for helping to build the firm’s healthcare Services and Systems sector in the Asia Pacific, working with the Chinese Ministry of Health to help develop their views on China’s national healthcare systems. Much of the clients work during this period involved transformation through technology, digital, and data, and her board experience in recent years has helped her develop valuable insights around the implementation of this in healthcare services. She has experience in China having been based in Shanghai for nearly 15 years and in Hong Kong for a further two years.
Dr. Suessmuth-Dyckerhoff has a portfolio of non-executive directorship roles, mostly in the healthcare and healthcare technology sectors. She is currently a non-executive director of the following listed companies: Ramsay Health Care Ltd, Clariant AG, and Hoffman-La Roche AG. She is also a non-executive director of Huma Therapeutics Ltd, QuEST Global Services Private Ltd, and an advisor to aMoon Ventures Y.SH. Ltd.
Dr. Suessmuth-Dyckerhoff holds a Ph.D. in Business Administration from the University of St. Gallen.
About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 19 million life customers and is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S), and New York (PUK). 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.
For more information: https://www.prudential.com
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