30 Apr 2009
Prudential plc appoints Thibaut Le Maire as Group Chief Risk Officer
Prudential plc is pleased to announce the appointment of Thibaut Le Maire as Group Chief Risk Officer. Thibaut, who will join Prudential in July, will be a member of both the Group Executive Committee and the Group Audit Committee. Thibaut will report to Tidjane Thiam, Chief Financial Officer and will continue to report to him when Tidjane takes up the role of Group Chief Executive later this year.
Thibaut joins Prudential from Société Générale where he was a Managing Director and Head of Insurance Europe within the Financial Institutions Group. In that capacity, Thibaut advised leading European insurance companies on their capital, balance sheet and risk management. He has a proven record of delivery of effective and efficient solutions to improve risk management processes and outcomes. Prior to Société Générale, he was Head of the EMEA Public Sector Group within the Financial Institutions Group and had spent 14 years at JP Morgan, both on the Advisory and Capital Markets sides.
Thibaut Le Maire said:
"I am very pleased to be joining Prudential at this exciting time and I look forward to building on the company’s proven record in effective risk management."
Tidjane Thiam, Chief Financial Officer, Prudential plc, said:
"I am delighted to welcome Thibaut Le Maire to Prudential and his addition will enhance our already leading industry capability in the risk management area."
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Notes to Editors:
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 directly and through its subsidiaries and affiliates throughout the world. It has been in existence for over 160 years and has £249 billionin assets under management (as at 31 December 2008).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.