prudential plc-adr (PUK) Key Developments
Prudential Appoints Michael Coop as Head of Multi-Asset and Ciaran Mulligan as Head of Manager Oversight for its Portfolio Management Group
Jul 15 15
Prudential has hired Ibbotson Associate's Michael Coop as head of multi-asset for its Portfolio Management Group (PPMG). In a double swoop, Ciaran Mulligan is also joining PPMG as head of manager oversight. Mulligan was previously head of manager research for Investment Solution's UK business. Based in Australia, Coop was head of multi-asset at Ibbotson having been head of alternative investments prior to that. They both the existing team of over 60 investment professionals at PPMG, who oversee more than £155.2 billion of Prudential's assets under management, including its £76.7 billion with-profits fund.
Prudential plc Announces Executive Changes
Jun 1 15
Prudential plc announced the appointment of Barry Stowe as Chairman and Chief Executive Officer of the North American Business Unit, succeeding Mike Wells, who takes over as Group Chief Executive. Mr. Stowe, who was previously Chief Executive of Prudential Corporation Asia, remains on the Board of Prudential plc. Mr. Stowe is succeeded as Prudential Corporation Asia Chief Executive by Tony Wilkey, who was previously Chief Executive, Insurance at Prudential Corporation Asia. Mr. Wilkey joins the Prudential plc Board. Tony brings to his new role 28 years of experience in the life insurance industry and combines strategic flair with a relentless focus on delivery.
Prudential plc Declares Final Dividend
May 14 15
Prudential plc at its AGM held on May 14, 2015, declared final dividend of 25.74 pence per ordinary share of the company.
Pierre-Olivier Bouée to Step Down as Group Chief Risk Officer and Member of Board of Prudential plc
May 12 15
Prudential plc announced that Pierre-Olivier Bouée is to step down as Group Chief Risk Officer and a member of the Board of the company. A replacement for Mr. Bouée will be announced in due course. Mr. Bouée will step down from the Board on 31 May 2015, but will continue as Chief Risk Officer until 30 June 2015 to assist with the transition process.
Prudential plc Announces Interim Management Statement for First Quarter Ended March 31, 2015
May 6 15
Prudential plc announced interim management statement for first quarter ended March 31, 2015. For the period the company reported on new business profit group insurance (post tax) was £496 million compared to £526 million in the same period last year. Total sales- APE group insurance was £1,250 million compared to £1,169 million in the same period last year. Total group investment operations was £169,345 million compared to £147,914 million in the same period last year. Total group funds under management was £169.3 billion compared to £147.9 billion in the same period last year. Total group investment flows were £17.5 billion compared to £12.2 billion in the same period last year. Total group net inflows were £3.0 billion compared to £2.5 billion in the same period last year.