M&GPrudential today announces the appointment of three Non-Executive Directors as part of its preparations to demerge from Prudential plc.
The appointments are all with immediate effect following their approval by the Prudential Regulatory Authority and the Financial Conduct Authority.
Caroline Silver joins as the Senior Independent Non-Executive Director. An investment banker with an executive career spanning over 30 years, most recently as a Managing Director at Moelis & Company, Ms Silver brings extensive experience of advising global financial institutions and regulators across Europe. She is Non-Executive Chair of PZ Cussons PLC, a Non-Executive Director of Bupa and Meggitt PLC and a Trustee of the Victoria & Albert Museum.
Clive Adamson becomes a Non-Executive Director and Chair of the Risk Committee. Mr Adamson has considerable experience of UK and global economic, banking and regulatory matters gained from an extensive career in banking, and financial services regulation, including senior executive and advisory positions with the Financial Conduct Authority and its predecessor the Financial Services Authority. He is a Non-Executive Director of J.P. Morgan Securities plc, The Prudential Assurance Company Limited, CYBG plc and Ashmore Group plc.
Robin Lawther joins as a Non-Executive Director and Chair of the Remuneration Committee. Ms Lawther is an international investment banker with extensive experience of global markets and financial institutions, having previously worked at J.P. Morgan for over 20 years, specialising in mergers and acquisitions and capital raising. She is a Non-Executive Director of Nordea Bank, UK Government Investments, Ashurst LLP and Oras Invest.
Mike Evans, Chair of M&GPrudential, says: “I am delighted to welcome Caroline, Clive and Robin to the Board. They bring a wealth of experience and a diversity of viewpoint which will be invaluable as we prepare for demerger and our future as a stand-alone, publicly listed company.”
In March 2018, Prudential plc announced its intention to demerge M&GPrudential, the international savings and investments business formed by the merger of asset manager M&G and Prudential’s UK and Europe insurance operations.