AIA Group Ltd., American International Group Inc.’s Asian division, has “little interest” in bidding for Prudential Plc’s East Asian assets, the Sunday Telegraph reported, citing Chief Executive Officer Mark Tucker.
“We’ve closed that chapter in our lives,” Tucker said in an interview with the newspaper. “We have our own destiny in our hands and we have to deliver on that.”
AIA will focus on organic growth opportunities, Tucker told the Telegraph, with the ability to make tactical mergers and acquisitions.
Tucker will split his role of CEO and Chairman, appointing a new non-executive chairman in 2011, according to the newspaper.
-- Editor: Chris Peterson