28 Oct 2009
Prudential plc welcomes Nic Nicandrou as Chief Financial Officer
Prudential plc ("Prudential") today welcomed Nic Nicandrou as Chief Financial Officer and Board Director.
Nic joins Prudential from Aviva, where he has worked for eleven years in a number of senior finance roles, most recently as Norwich Union Life, Finance Director and Board Member. He was previously Aviva Group Financial Control Director and before that Aviva Group Financial Management and Reporting Director. Nic started his career at PriceWaterhouse Coopers, where he worked for ten years in both London and Paris, specialising in insurance and more general financial services.
Tidjane Thiam, Group Chief Executive, Prudential plc said:
"I am very pleased to welcome Nic to the Group. His knowledge and experience of the sector mean he is well suited to help lead Prudential to the next stage of its development. His expertise in financial management and reporting will ensure we continue our commitment to best in class disclosure and market communication. I greatly look forward to working with him."
Commenting, Nic Nicandrou, Chief Financial Officer, Prudential plc said:
"I am delighted to be joining Prudential as Chief Financial Officer and look forward to working with Tidjane and the team. Prudential is ideally placed in terms of its unique geographic and product exposure, capital strength and leadership capability."
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About Prudential plc
Prudential plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute one of the world's leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for over 160 years and has £245 billion in assets under management (as at 30 June 2009). Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America.
This statement may contain certain "forward-looking statements" with respect to certain of Prudential's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words "believes", "intends", "expects", "plans", "seeks" and "anticipates", and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Prudential's control including among other things, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; experience in particular with regard to mortality and morbidity trends, lapse rates and policy renewal rates; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Prudential and its affiliates operate. This may for example result in changes to assumptions used for determining results of operations or re-estimations of reserves for future policy benefits. As a result, Prudential's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Prudential's forward-looking statements. Prudential undertakes no obligation to update the forward-looking statements contained in this statement or any other forward-looking statements it may make.