25 Mar 2008
Peter O'Donnell appointed Director of Group Finance
Prudential plc is pleased to announce the appointment of Peter O'Donnell as Director of Group Finance. Peter will join Prudential on 6 May 2008 and will report to Chief Financial Officer, Tidjane Thiam.
Peter has 20 years of insurance experience and joins Prudential from Royal & SunAlliance PLC, where he is UK Finance Director. Prior to Royal & SunAlliance, Peter worked for Aviva PLC for 11 years, most recently at Aviva Life International as Finance Director, prior to which he held a number of senior finance roles in the UK businesses. Before working for Aviva, Peter was Chief Insurance Accountant with Windsor Life Assurance and Aetna UK.
Peter O'Donnell said: "I am delighted to be joining Prudential at this time of rapid growth. Prudential's out-performance, driven by its international expansion and geographic presence, brand and customer expertise and proven leadership capability, means this is a very exciting time to be joining the business."
Tidjane Thiam, Chief Financial Officer, Prudential plc, said: "Peter is an exceptionally high calibre appointment and a great addition to Prudential's finance leadership team. He brings a proven depth of technical capability and finance leadership skills. I am confident that he will make a very significant contribution at this time of rapid growth at Prudential and ongoing change in insurance accounting."
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Notes to Editor:
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 directly and through its subsidiaries and affiliates throughout the world. It has been in existence since 1848 and has £267 billion in assets under management as at 31 December 2007. 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.