Our leadership

Board of Directors

Chairman

Chairman

Paul Manduca

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Paul Manduca

Chairman and Chair of the Nomination & Governance Committee

Paul Manduca

Chairman

Appointments

Board: October 2010
Chairman of the Board: July 2012
Chair of the Nomination & Governance Committee: July 2012

Relevant skills and experience

Paul will continue to draw on his extensive experience in leadership roles and his knowledge of the Group’s core businesses, international markets and industry sectors, and his technical knowledge, to provide effective leadership during a period of change for the Group.

Paul has held a number of senior leadership roles. Notable appointments include serving as chairman of the Association of Investment Companies (1991 to 1993), acting as founding CEO of Threadneedle Asset Management Limited (1994 to 1999), global CEO of Rothschild Asset Management (1999 to 2002), directorships of Eagle Star and Allied Dunbar, holding the offices of European CEO of Deutsche Asset Management (2002 to 2005), chairman of Bridgewell Group plc and a director of Henderson Smaller Companies Investment Trust plc.

Other previous appointments include the chairmanship of Aon UK Limited and JPM European Smaller Companies Investment Trust Plc. From September 2005 until March 2011, Paul was a non-executive director of Wm Morrison Supermarkets Plc, including as senior independent director, audit committee chairman and remuneration committee chairman. He was a non-executive director and audit committee chairman of KazMunaiGas Exploration & Production until the end of September 2012 and chairman of Henderson Diversified Income Limited until July 2017.

Paul is the Chairman of the Board. He initially joined the Board in October 2010 as the Senior Independent Director and member of the Audit and Remuneration Committees, roles he held until his appointment as Chairman in July 2012. On becoming Chairman, Paul was also appointed Chair of the Nomination & Governance Committee, having been a member of the Committee since January 2011.

Other appointments

RateSetter (Retail Money Market Limited) (chairman)
Templeton Emerging Markets Investment Trust (TEMIT) (chairman)
Securities Institute
Hertford College, Oxford University (remuneration committee chairman)

Executive Directors

Group Chief Executive

Michael Wells

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Michael Wells

Group Chief Executive

Michael Wells

Group Chief Executive

Appointments

Board: January 2011
Group Chief Executive: June 2015

Relevant skills and experience

Mike continues to develop the operational management of the Group on behalf of the Board, implementing Board decisions and leading the Executive Directors and senior executives in the management of all aspects of the day-to-day business of the Group.

Mike has more than three decades’ experience in insurance and retirement services, having started his career at the US brokerage house Dean Witter, before going on to become a managing director at Smith Barney Shearson.

Mike joined the Prudential Group in 1995 and became Chief Operating Officer and Vice‑Chairman of Jackson in 2003. In 2011, he was appointed President and Chief Executive Officer of Jackson, and joined the Board of Prudential.

During his leadership of Jackson, Mike was responsible for the development of Jackson’s market-leading range of retirement solutions. He was also part of the Jackson teams that purchased and

successfully integrated a savings institute and two life companies.

Mike is Group Chief Executive, a position he has held since June 2015.

Other appointments

International Advisory Panel of the Monetary Authority of Singapore
San Diego University Advisory Board

Group Chief Financial Officer and Chief Operating Officer

Mark FitzPatrick CA

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Mark FitzPatrick CA

Group Chief Financial Officer and Chief Operating Officer

Mark FitzPatrick CA

Group Chief Financial Officer and Chief Operating Officer

Appointments

Board: July 2017

Relevant skills and experience

Mark has a strong background across financial services, insurance and investment management, encompassing wide geographical experience relevant to the Group’s key markets.

Mark previously worked at Deloitte for 26 years, building his industry focus on insurance and investment management globally. During this time, Mark was managing partner for Clients and Markets, a member of the executive committee and a member of the board of Deloitte UK. He was a vice chairman of Deloitte for four years, leading the CFO Programme and developing the CFO Transition labs.

Mark previously led the Insurance & Investment Management audit practice and the insurance industry practice.

Mark is Group Chief Financial Officer and Chief Operating Officer, a position he has held since July 2019. He joined the Board as Chief Financial Officer in July 2017.

Group Chief Risk and Compliance Officer

James Turner FCA FCSI FRM

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James Turner FCA FCSI FRM

Group Chief Risk and Compliance Officer

James Turner FCA FCSI FRM

Group Chief Risk and Compliance Officer

Appointments

Board: March 2018

Relevant skills and experience

Having held senior positions at Prudential for a number of years, James has a wide-ranging understanding of the business and draws on previous experience across internal audit, finance and compliance, as well as technical knowledge, relevant to his role.

James has led internal audit teams in UBS in both the UK and Switzerland. Prior to joining Prudential, James was the deputy head of compliance for Barclays plc. He also held a number of senior internal audit roles across the Barclays group, leading teams that covered the UK, the US, Western Europe, Africa and Asia retail and commercial banking activities.

James joined Prudential in November 2010 as the Director of Group-wide Internal Audit and was appointed Director of Group Finance in September 2015, with responsibility for delivery of the Group’s internal and external financial reporting, business planning, performance monitoring and capital and liquidity planning. He also led the development of the Group’s Solvency II internal model.

James joined the Board as an Executive Director and Group Chief Risk Officer in March 2018. Prior to the demerger of M&G plc, he led the discussions with Hong Kong IA on the revised capital framework for the Group and in July 2019 assumed responsibility for Group Compliance, becoming the Group Chief Risk and Compliance Officer, relocating to Hong Kong in August 2019.

Non-Executive Directors

Senior Independent Director

The Hon. Philip Remnant CBE FCA

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The Hon. Philip Remnant CBE FCA

Senior Independent Director, Member of the Audit, Nomination & Governance and Remuneration Committees

The Hon. Philip Remnant CBE FCA

Senior Independent Director

Appointments

Board: January 2013
Audit Committee: January 2013
Nomination & Governance Committee: January 2013
Remuneration Committee: January 2013

Relevant skills and experience

Philip contributes experience across a number of sectors and in particular listed company experience and the financial services industry, including asset management, in the UK and Europe.

Philip was a senior adviser at Credit Suisse and a vice chairman of Credit Suisse First Boston (CSFB) Europe and head of the UK Investment Banking Department. He was twice seconded to the role of director general of the Takeover Panel. Philip also served on the board of Northern Rock plc and as chairman of the Shareholder Executive. Until July 2018, he also served on the board of UK Financial Investments Limited.

Philip joined the Board in January 2013 as a Non-executive Director, as Senior Independent Director and as a member of each of the Audit Committee, the Remuneration Committee and the Nomination & Governance Committee. He also chaired the M&G Group Limited board from April 2016 until October 2018.

Other appointments

Severn Trent plc
City of London Investment Trust (chairman)
Takeover Panel (deputy chairman)

Independent Non-executive Director

Jeremy Anderson CBE

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Jeremy Anderson CBE

Independent Non-executive Director, Chairman of the Risk Committee and member of the Audit and Nomination & Governance Committees

Jeremy Anderson CBE

Independent Non-executive Director

Appointments

Board: January 2020
Chairman of the Risk Committee: May 2020
Audit Committee: January 2020
Nomination and Governance Committee: May 2020

Relevant skills and experience

Jeremy contributes substantial leadership experience of the financial services sector across Asia and the US. He has extensive technical knowledge on audit and risk management, particularly concerning international companies.

Jeremy joined KPMG Consulting in 1985 and held the role of Chief Executive Officer in 2001 before being appointed as head of UK operations at Atos Origin and a member of the Management Board of Atos Origin SA in 2002. From 2006, following two years as head of financial services at KPMG UK, Jeremy held the role of KPMG’s Head of Financial Services for Europe followed by head of clients & markets in 2008. He served as KPMG’s Chairman of Global Financial Services until 2017. Jeremy also served on the board of the UK Commission for Employment and Skills, and now serves as a non-executive director and chairman of the audit committee of UBS Group AG.

Jeremy joined the Board in January 2020 as a Non-executive Director and member of the Audit and Risk Committees. He became Chair of the Risk Committee and a member of the Nomination & Governance Committee in May 2020.

Other appointments

UBS Group AG (chairman of audit committee)
UBS AG
The Productivity Group
The Kingham Hill Trust

Independent Non-executive Director

David Law ACA

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David Law ACA

Independent Non-executive Director Chairman of the Audit Committee and member of the Risk and Nomination & Governance Committees

David Law ACA

Independent Non-executive Director

Appointments

Board: September 2015
Chairman of the Audit Committee: May 2017
Risk Committee: May 2017
Nomination & Governance Committee: May 2017

Relevant skills and experience

David has experience across the Group’s key international markets including North America and Asia, and across a number of industry sectors. He contributes extensive technical knowledge of audit, accounting and financial reporting essential to his role as Chair of the Audit Committee.

David was the global leader of PricewaterhouseCoopers (PwC) insurance practice, a partner in PwC’s UK firm, and worked as the lead audit partner for multi-national insurance companies until his retirement in 2015. During his time at PwC David’s responsibilities also included leadership of PwC’s insurance and investment management assurance practice in London and the firm’s Scottish assurance division. David’s role as a director and CEO of L&F Holdings Limited and its subsidiaries (the professional indemnity captive insurance group which serves the PwC network and its member

firms), ceased in July 2019.

David joined the Board in September 2015 as a Non-executive Director and member of the Audit Committee. David was appointed Chair of the Audit Committee and a member of the Risk Committee and of the Nomination & Governance Committee in May 2017.

Other appointments

University of Edinburgh (Member of the court and policy and resources committee)

Independent Non-executive Director

Kaikhushru Nargolwala FCA

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Kaikhushru Nargolwala FCA

Independent Non-executive Director and member of the Remuneration and Risk Committees and Employee Engagement Director

Kaikhushru Nargolwala FCA

Independent Non-executive Director

Appointments

Board: January 2012
Remuneration Committee: January 2012
Risk Committee: January 2012
Employee Engagement Director: May 2019

Relevant skills and experience

Kai has experience across some of the Group’s key international markets, particularly Hong Kong and the wider Asian market. In addition to his experience with listed groups, he contributes knowledge of the financial services sector.

Kai spent 19 years at Bank of America and was based in Hong Kong in roles as group executive vice president and head of the Asia Wholesale Banking Group from 1990 to 1995. He spent 10 years working for Standard Chartered PLC in Singapore as group executive director responsible for Asia governance and risk from 1998 to 2007. Kai was chief executive officer of the Asia Pacific Region of Credit Suisse AG from 2008 to 2010 and now serves as director and chairman of their remuneration committee.

Kai has served on a number of other boards, including Singapore Telecommunications and Tate and Lyle plc.

Kai joined the Board in January 2012 as a Non-executive Director and member of the Remuneration and Risk Committees. Kai acts as a designated Non-executive Director for employee engagement matters as set out in the UK Code, for the Group’s workforce in Asia and Africa.

Other appointments

Clifford Capital Pte. Ltd and Clifford Capital Holdings (Chairman)
Credit Suisse Group AG
PSA International Pte Ltd
Co-Chair of Sustainable Finance Steering Committee formed by Temasek

Independent Non-executive Director

Anthony Nightingale CMG SBS JP

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Anthony Nightingale CMG SBS JP

Independent Non-executive Director, Chairman of the Remuneration Committee and member of the Nomination & Governance Committee

Anthony Nightingale CMG SBS JP

Independent Non-executive Director

Appointments

Board: June 2013
Chairman of the Remuneration Committee: May 2015
Nomination & Governance Committee: May 2015

Relevant skills and experience

Anthony has long executive experience of listed companies and, in particular, extensive knowledge of Asian markets.

Anthony spent his career in Asia, where he joined the Jardine Matheson Group in 1969, holding a number of senior positions before joining the board of Jardine Matheson Holdings in 1994. He was managing director of the Jardine Matheson Group from 2006 to 2012. Anthony was on the Board of Schindler Holding Limited until 19 March 2020.

He was a past chairman of the Hong Kong General Chamber of Commerce and an APEC Business Advisory Council Representative of Hong Kong, China from 2005 to 2017 and the Hong Kong representative to the APEC Vision Group from 2018 to 2019.

He is the Chairperson of the Sailors Home and Missions to Seafarers in Hong Kong.

Anthony joined the Board in June 2013 as a Non-executive Director and member of the Remuneration Committee. He became Chair of the Remuneration Committee and a member of the Nomination & Governance Committee in May 2015.

Other appointments

Jardine Matheson Holdings (and other Jardine Matheson group companies)
Shui On Land Limited
Vitasoy International Holdings Limited
The Innovation and Strategic Development Council in Hong Kong

Independent Non-executive Director

Alice Schroeder

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Alice Schroeder

Independent Non-executive Director and member of the Audit and Risk Committees

Alice Schroeder

Independent Non-executive Director

Appointments

Board: June 2013
Audit Committee: June 2013
Risk Committee: March 2018

Relevant skills and experience

Alice has experience across the insurance, asset management, technology and financial services industries in the US.

Alice began her career as a qualified accountant at Ernst & Young. She joined the Financial Accounting Standards Board as a manager in 1991, overseeing the issuance of several significant insurance accounting standards.

From 1993, she led teams of analysts specialising in property-casualty insurance as a managing director at CIBC Oppenheimer, PaineWebber (now UBS) and Morgan Stanley. Alice was also an independent board member of the Cetera Financial Group and held the office of CEO and chair of WebTuner (now Showfer Media LLC), until its sale in 2017. She was also a director of Bank of America Merrill Lynch International until December 2018.

Alice joined the Board in June 2013 as a Non-executive Director and member of the Audit Committee. She became a member of the Risk Committee in March 2018.

Other appointments

Quorum Health Corporation
Natus Medical Incorporated

Independent Non-executive Director

Shriti Vadera

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Shriti Vadera

Independent Non-executive Director and member of the Nomination & Governance Committee

Shriti Vadera

Independent Non-executive Director

Appointments

Board: May 2020
Nomination & Governance Committee: May 2020

Relevant skills and experience

Shriti contributes her senior boardroom experience at complex organisations, including extensive experience with international operations, strong strategic and financial services experience and experience at the highest level of international negotiation between Governments and multilateral organisations.

Shriti began her career in investment banking with SG Warburg/UBS in 1984, where she focused on markets in Asia, Africa and Latin America. She was a member of the HM Treasury’s Council of Economic Advisers from 1999 to 2007, advising on domestic and international issues including reforms to international organisations following the Asian financial crisis. She was a Minister in the UK government from 2007 to 2009 in the Cabinet Office, Business Department and International Development Department and led on the UK Government’s response to the global financial crisis and its Presidency of the G20. Shriti was a Senior Adviser to the Korean Presidency of the G20 from 2009 to 2010. She also acted as an adviser to investors and governments – such as Temasek, the global investment company headquartered in Singapore – on strategy and markets, the Eurozone crisis, the financial services sector and debt restructurings from 2010 to 2014.

She was a Non-executive Director of AstraZeneca from 2011 to 2018. She became a Non-executive Director of BHP in 2011 and was appointed Senior Independent Director in 2015. Shriti Vadera was appointed Chair of Santander UK in 2015 and was Chair of the European Financial Services Chairmen’s Advisory Committee from June 2016 to January 2019.

Shriti joined the Board as a Non-executive Director and as a member of its Nomination & Governance Committee on 1 May 2020. She is expected to succeed Paul Manduca as Chair of the Board and of Nomination & Governance Committee on 1 January 2021. She will step down from her roles at Santander and BHP prior to being appointed Chair.

Other appointments

Santander UK Group Holdings plc and Santander UK plc (Chair)
BHP Group plc and BHP Group Ltd (Senior Independent Director)

Independent Non-executive Director

Tom Watjen

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Tom Watjen

Independent Non-executive Director and member of the Remuneration and Risk Committees and Employee Engagement Director

Tom Watjen

Independent Non-executive Director

Appointments

Board: July 2017
Remuneration Committee: July 2017
Risk Committee: November 2018
Employee Engagement Director: May 2019

Relevant skills and experience

Tom has experience across the insurance, asset management and financial services industries as well as experience with listed companies in the UK and the US.

Tom started his career at Aetna Life and Casualty before joining Conning & Company, an investment and asset management provider, where he became a partner in the consulting and private capital areas. He joined Morgan Stanley in 1987, and became a managing director in its insurance practice.

In 1994 he was appointed executive vice president and chief financial officer of Provident Companies Inc.

He was a key member of the team associated with Provident’s merger with Unum in 1999 and was appointed president and chief executive officer of the renamed Unum Group in 2003, a role he held until May 2017. Tom also served on the board of Sun Trust Banks from 2010 until April 2019. In 2019, Tom joined the boards of LocatorX, Inc and in 2020 he joined the board of Arch Capital Group Limited.

Tom joined the Board in July 2017 as a Non-executive Director and member of the Remuneration Committee. He became a member of the Risk Committee in November 2018. Tom acts as a designated Non-executive Director for employee engagement matters as set out in the UK Code, for the Group’s workforce in the US and UK.

Other appointments

Arch Capital Group Limited
LocatorX, Inc

Independent Non-executive Director

Fields Wicker-Miurin OBE

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Fields Wicker-Miurin OBE

Independent Non-executive Director and member of the Remuneration Committee

Fields Wicker-Miurin OBE

Independent Non-executive Director

Appointments

Board: September 2018
Remuneration Committee: September 2018

Relevant skills and experience

Fields has extensive international boardroom experience, combining knowledge of the Group’s key geographic markets with experience across the global financial services industry.

Fields started her career at Philadelphia National Bank in 1982 before joining Strategic Planning Associates (now Oliver Wyman) as a senior partner in 1989. She became chief financial officer and director of strategy at the London Stock Exchange in 1994, leader of the global markets practice of AT Kearney in 1998 and managing director of Vesta Capital Advisors in 2000. She was appointed to Nasdaq’s Technology Advisory Council in 2000 and was a member of the panel of experts advising the European Parliament on financial markets harmonisation for four years from 2002. She became a non-executive director and chair of the audit committee of Savills plc in 2002 and a non-executive director and chair of the investment committee of the Royal London Group in 2003. Fields was also a non-executive board member at the Department for Digital, Culture, Media & Sport from January 2016 until January 2020.

Fields joined the Board in September 2018 as a Non-executive Director and member of the Remuneration Committee.

Other appointments

BNP Paribas
SCOR SE
Leaders’ Quest (Partner)

Independent Non-executive Director

Amy Yip

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Amy Yip

Independent Non-executive Director and member of the Remuneration Committee

Amy Yip

Independent Non-executive Director

Appointments

Board: September 2019
Remuneration Committee: September 2019

Relevant skills and experience

Amy has extensive experience of China and South-east Asia following a 40-year career in banking, insurance, asset management and government.

Amy started her career at Morgan Guaranty Trust of New York in 1978 before joining the Management Analysis Centre in Boston and Hong Kong as a consultant in 1986. She became executive director of Rothschild Asset Management in Hong Kong in 1988, vice president of Citibank Private Bank North Asia in 1991 and executive director (Reserves Management) of the Hong Kong Monetary Authority in 1996. She was group head of wealth management of DBS Bank, chair of DBS Asset Management and chief executive officer of DBS Bank Hong Kong between 2006 and 2010. Since 2011 she has been an adviser to Vita Green, a health supplements provider based in Hong Kong, and a founder and partner of RAYS Capital Partners, a Hong Kong investor in Asian equities.

Amy became a non-executive director of AIG Insurance Hong Kong Limited in 2011 and chair of its audit committee in 2017, a non-executive director and member of the compensation and nomination

committees of Temenos Group AG in 2014, a non-executive director and member of the Technology Committee of Deutsche Börse AG in 2015 and a non-executive director of Fidelity Funds in 2017. In August 2019, she became the chair of the Asia Pacific advisory board of EFG Bank International.

Amy joined the Board in September 2019 as a Non-executive Director and member of the Remuneration Committee.

Other appointments

AIG Insurance Hong Kong Limited
Deutsche Böerse AG
RAYS Capital Partners (founder partner)
EFG Bank and EFG Bank International (Chairman, Asia Pacific Advisory Board)