Ex-Citi banker Anil Wadhwani will be the first Prudential chief exec to be based in Asia and not Londo

Ex-Citi banker Anil Wadhwani will be the first Prudential chief exec to be based in Asia and not Londo

Ex-Citi banker Anil Wadhwani will be the first Prudential chief exec to be based in Asia and not Londo

Prudential has drafted in ex-Citi banker Anil Wadhwani to lead its business out of Hong Kong from 2023, as it pivots further away from the UK.

Wadhwani, 53, joins next February and is the first chief executive to be based in Asia and not London. He will earn a £1.25million salary but can double that in bonuses.

This year the Pru said Mike Wells would step down as chief executive, to be replaced on an interim basis by chief financial officer Mark FitzPatrick, who is now leaving ‘to seek opportunities outside the group’.

Wadhwani has spent most of his career in Asia, most recently as leader of Canadian insurer Manulife’s Asia business in Hong Kong. 

He also spent 25 years at Citi in consumer finance roles.

The Pru is solidifying its operations in Asia, a far cry from its roots in London. 

Founded in 1848 to sell loans, it today has its sights on selling insurance and asset management services to 6billion people in Asia and Africa.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Why you mustn’t let anything stop you saving into a pension

Some of the country’s leading financial experts are urging people to keep…

Major phone networks to hike prices by up to 8% for millions, warns Martin Lewis – 3 ways to check you’re not overpaying

MARTIN Lewis has warned major phone networks will hike prices by up…

I tested cutting my dishwasher tabs in half to slash costs – do they still do the job?

I’VE switched off my heating, cancelled Netflix and bought in a strict…

Dream of Buying a Home Gets Harder for Single Mothers

Karlet Hewitt decided to make major lifestyle changes after experiencing the shocks…