New Economy Forum

Prudential CEO Seeks to Boost Investment in China Joint Venture

WATCH: Mike Wells, chief executive officer at Prudential Group, discusses the company’s shift toward Asia, M&A prospects and the opportunities he’s seeing in China. Source: Bloomberg

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By Russell Ward and Shery Ahn

November 17, 2021 at 2:48 AM UTC

This article is for subscribers only.

Prudential Plc is keen to increase investment in its joint venture with Citic Group in China to capitalize on opportunities in the market, the U.K. insurer’s chief executive officer said.

“We’ve been very open that we’d like to invest more in our China JV with Citic,” CEO Mike Wells said Wednesday in a television interview on the sidelines of the Bloomberg New Economy Forum in Singapore.