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Higgs to leave Pru board

Prudential director Derek Higgs, who is also chairman of its fund manager M&G, is to resign from the board in November.

Higgs has served on the board for five years. He was responsible for overseeing the acquisition of M&G which became Prudential&#39s European asset management business last year.

He will be replaced by M&G chief executive Michael McLintock, who will join the Prudential board on September 1.

Before joining Prudential, Higgs spent 24 years with SG Warburg Group where he gained experience of mergers and acquisitions.

He is expected to continue to work with Prudential in his role as a nomin-ated director of Egg. He is also a director of Coventry City FC.

McLintock has been M&G chief executive since February 1997.

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