Pru consolidates business development
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Prudential is consolidating the UK and international business development teams of its life business.
Three jobs will be cut from a team of eight, including one business development manager and one team manager.
Pru says the decision is designed to reflect the changes in the investment marketplace over the last couple of years and the increasing crossover between the two teams.
Prudential International head of UK business development Richard Leeson will head up the newly structured team of four business development managers. There has been no change to the UK sales teams.
A Prudential spokesman says: “The decision is in line with the commercial and regulatory backdrop of the market and we feel there is greater benefit in aligning the team on the basis of a common investment proposition rather than the product proposition. By making these changes, we expect to offer a more impartial service that will provide a complete range of both onshore and offshore products to advisers.”
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