TIDMPRU
RNS Number : 4755B
Prudential PLC
28 October 2009
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Embargo: 07:01am Wednesday 28 October 2009
PRUDENTIAL PLC WELCOMES NIC NICANDROU AS CHIEF FINANCIAL OFFICER
Prudential plc ("Prudential") today welcomed Nic Nicandrou as Chief Financial
Officer and Board Director.
Nic joins Prudential from Aviva, where he has worked for eleven years in a
number of senior finance roles, most recently as Norwich Union Life, Finance
Director and Board Member. He was previously Aviva Group Financial Control
Director and before that Aviva Group Financial Management and Reporting
Director. Nic started his career at PriceWaterhouse Coopers, where he worked for
ten years in both London and Paris, specialising in insurance and more general
financial services.
Tidjane Thiam, Group Chief Executive, Prudential plc said:
"I am very pleased to welcome Nic to the Group. His knowledge and experience of
the sector mean he is well suited to help lead Prudential to the next stage of
its development. His expertise in financial management and reporting will ensure
we continue our commitment to best in class disclosure and market communication.
I greatly look forward to working with him."
Commenting, Nic Nicandrou, Chief Financial Officer, Prudential plc said:
"I am delighted to be joining Prudential as Chief Financial Officer and look
forward to working with Tidjane and the team. Prudential is ideally placed in
terms of its unique geographic and product exposure, capital strength and
leadership capability."
ENDS
Enquiries:
+-------------------+--------------------+--------------------+--------------------+
| Media | | Investors/Analysts | |
+-------------------+--------------------+--------------------+--------------------+
| Edward Brewster | +44 (0)20 7548 | Matt Lilley | +44 (0)20 7548 |
| | 3719 | | 2007 |
+-------------------+--------------------+--------------------+--------------------+
About Prudential plc
Prudential plc is a company incorporated and with its principal place of
business in England, and its affiliated companies constitute one of the world's
leading financial services groups. It provides insurance and financial services
through its subsidiaries and affiliates throughout the world. It has been in
existence for over 160 years and has GBP245 billion in assets under management
(as at 30 June 2009). Prudential plc is not affiliated in any manner with
Prudential Financial, Inc, a company whose principal place of business is in the
United States of America.
Forward-Looking Statements
This statement may contain certain "forward-looking statements" with respect to
certain of Prudential's plans and its current goals and expectations relating to
its future financial condition, performance, results, strategy and objectives.
Statements containing the words "believes", "intends", "expects", "plans",
"seeks" and "anticipates", and words of similar meaning, are forward-looking. By
their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global
economic and business conditions, market related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities, the impact of
competition, inflation, and deflation; experience in particular with regard to
mortality and morbidity trends, lapse rates and policy renewal rates; the
timing, impact and other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital, solvency or
accounting standards, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate. This may for
example result in changes to assumptions used for determining results of
operations or re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance and results
may differ materially from the plans, goals, and expectations set forth in
Prudential's forward-looking statements. Prudential undertakes no obligation to
update the forward-looking statements contained in this statement or any other
forward-looking statements it may make.
This information is provided by RNS
The company news service from the London Stock Exchange
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