M&G PLC New executive appointments at M&G plc (4621L)
September 13 2021 - 3:00AM
UK Regulatory
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RNS Number : 4621L
M&G PLC
13 September 2021
M&G PLC NEWS RELEASE
13 September 2021
New executive appointments at M&G plc
M&G plc today announces that Clare Bousfield is appointed
Managing Director, Retail & Savings, with effect from 1 October
2021, subject to regulatory approval.
In this newly-created role, Ms Bousfield will lead the expansion
of M&G Wealth in the UK, and complete the transformation of the
Prudential-branded operations to improve customer outcomes and
generate business efficiencies.
Ms Bousfield will hand over her responsibilities as Chief
Financial Officer to the Deputy CFO, Paul Cooper, who will act on
an interim basis while M&G conducts a search for a replacement,
and given the expected time commitments of her new role and her
regulatory responsibilities with respect to Prudential Assurance
Company Limited she will also step down from the PLC Board.
John Foley, Chief Executive, comments: "Clare is the ideal
leader to bring fresh impetus to this part of our business, given
her financial insight, knowledge of the operations and strong
relationships."
"This appointment and a number of other leadership changes I am
making today position us well for the next phase of M&G's
ambitions and our strategy to return to sustainable growth."
Retail & Savings consists of M&G Wealth and the Heritage
Business, which includes the Prudential-branded operations in UK
and Europe.
-ENDS-
Enquiries:
Media Investors/Analysts
================= ==================== =================== ====================
Richard Miles +44 (0)7833 481923 Luca Gagliardi +44 (0)20 8162 7307
Jonathan Miller +44 (0)20 8162 0165
Notes to Editors:
M&G Biographies
Clare Bousfield
Clare joined the Prudential group in November 2016 as Chief
Executive Officer of The Prudential Assurance Company. Previously
she was at insurer Aegon, where she was Chief Financial Officer and
led the strategic review and transformation of Aegon's UK business.
She is also a Non-Executive Director of RSA Group.
Paul Cooper
As Deputy CFO, Paul has responsibility for the planning,
implementation, managing and running of the finance activities of
the company. Paul also serves as CFO for The Prudential Assurance
Company. He joined the business from Arrow Global, a FTSE 350
financial services company, where he was Global CFO and responsible
for all aspects of finance including financial, regulatory and
management reporting, finance strategy, FP&A, treasury, tax and
investor relations. The early part of his career was spent at PwC
and EY.
About M&G plc
M&G plc is an international savings and investments
business, managing money for around 5 million retail customers and
more than 800 institutional clients in 28 markets. As at 30 June
2021, we had GBP370 billion of assets under management and
administration.
With a heritage dating back more than 170 years, M&G plc has
a long history of innovation in savings and investments, combining
asset management and insurance expertise to offer a wide range of
solutions. We serve our savings and insurance customers under the
Prudential brand in the UK and Europe and for asset management in
South Africa, and under the M&G Investments brand for asset
management clients globally.
LEI: 254900TWUJUQ44TQJY84
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END
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