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Prudential May Sell Assets From 2013, CEO Thiam Tells Analysts

Prudential Plc’s Chief Executive Officer Tidjane Thiam said he may sell or spin off assets from 2013, according to analysts who attended an investor presentation with the company in Malaysia.

“There was continued talk of Pru having ‘optionality’ (CEO Tidjane Thiam) over the business by 2013 which we view very positively,” Barrie Cornes a London-based analyst at Panmure Gordon & Co., wrote in a note to clients today. Robin Tozer, a Prudential spokesman, declined to comment on the presentation.