22 May 2025

Prudential plc appoints new Regional CEO and new Eastspring CEO

Prudential plc (“Prudential”) is today announcing the appointment of Naveen Tahilyani as Regional CEO for India, Africa, the Philippines, Cambodia, Laos and Myanmar, with responsibility for Health.

This appointment follows Solmaz Altin’s decision to return to Europe, previously announced. Naveen will join the business and Group Executive Committee on 29 July, reporting to Prudential plc CEO Anil Wadhwani. He will be based in India.

Prudential has also appointed Rajeev Mittal, as Chief Executive Officer for Prudential’s asset management business, Eastspring Investments. Rajeev’s appointment follows the decision by Bill Maldonado to retire and return to the UK, where his family has been living for the past four years.

Rajeev’s appointment is effective 1 July. Based in Singapore, Rajeev will report to Anil and will join Group Executive Committee.

Bill will continue to be an advisor to the business until the end of September, ensuring continuity and a seamless transition and will also continue to serve as a Board member of ICICI Prudential Asset Management Company Limited.

Both Naveen and Rajeev have rich experience in their relevant areas. Naveen was most recently Managing Director and Chief Executive of Tata Digital. He also served as Managing Director and CEO of Tata AIA for over seven years across two separate stints, with a period in between leading AIA’s Group Partnership Distribution business across Asia. Prior to his insurance career, he spent 17 years in McKinsey advising banks and insurance companies across Asia.

Rajeev brings over 30 years of asset management experience in Asia and Europe. Most recently, he served as Managing Director and Head of Asia at Fidelity International, spearheading the growth in the Asia Pacific & Middle East (excluding Japan) markets. Prior to Fidelity, Rajeev spent 26 years at AIG and PineBridge Investments, initially as an investor before serving as CEO of PineBridge Europe and later CEO of PineBridge Asia Pacific.

Commenting on Naveen’s appointment, Prudential plc CEO Anil Wadhwani said: “Continuing to build our Health pillar, and driving growth across India, Africa, the Philippines, as well as Cambodia, Laos and Myanmar are strategic gamechangers for Prudential. I am confident Naveen is the right leader in the right location to deliver the impact we need.”

Commenting on Eastspring’s appointment, Anil stated: “Firstly, I would like to express my sincere gratitude to Bill for his impactful contribution to Prudential. He drove the growth of our Eastspring business, strengthened the leadership team, and clearly defined priorities shaping the future of Eastspring. Bill has been a role model and a valued leader at Prudential, and we wish him the very best in his retirement.

"As we look to the future, I am delighted to welcome Rajeev to Prudential, whose deep expertise in the Asian markets, combined with a proven track record in managing and scaling asset management businesses and client relationships, position him exceptionally well to drive the continued growth and success of Eastspring.”

ENDS

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

About Eastspring Investments

Eastspring Investments is a leading Asia-based asset manager that manages USD256 billion (as of 31 March 2025) of assets on behalf of institutional and retail clients globally. Operating since 1994, Eastspring Investments has one of the widest footprints among asset management companies across Asia*. We provide investment solutions across a broad range of strategies including equities, fixed income, multi asset, quantitative and alternatives and are committed to delivering high quality investment outcomes for our clients over the long term.

For more information on Eastspring Investments, please visit: www.eastspring.com.

*Eastspring Investments companies (excluding joint venture companies) are ultimately wholly owned/indirect subsidiaries of Prudential plc of the United Kingdom.

Eastspring Investments companies (including joint venture companies) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America, nor with the Prudential Assurance Company Limited, a subsidiary of M&G plc (a company incorporated in the United Kingdom).