24 Jan 2011

Tidjane Thiam appointed to chair G20 Panel for Infrastructure Investment

Tidjane Thiam, Group Chief Executive, Prudential plc (“Prudential”), is to chair the G20 High Level Panel for Infrastructure Investment until the November 2011 G20 Summit, it was announced today.

The High Level Panel for Infrastructure Investment will prepare recommendations for the G20 on how to encourage and increase investment in, and financing of, infrastructure in emerging markets. The panel is made up of 12 non-executive members who have been chosen for their expertise and activity in developing public/private finance partnerships.

Prudential already has significant experience of financing infrastructure projects in emerging markets. The Group is an important investor in the equity and debt markets in a number of emerging economies, and infrastructure projects are an attractive asset class in which to invest.

The decision to create the panel was agreed at the G20 Seoul Summit, during the Korean Presidency. The panel will meet twice during the next ten months before reporting back to the Cannes Summit in November 2011. The full panel membership will be announced in due course. Tidjane Thiam’s appointment as Chairman of the panel was announced by the French Presidency of the G20 this morning.

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