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Kempster leaving in major Pru reshuffle

Prudential director of intermediaries Tony Kempster and European managing director Chris Evans have been replaced in a major reshuffle at board level.

Kempster, the former DBS chief executive who had been with the Pru for less than a year, and Evans, who had served for 19 years, will be replaced by former Norwich Union managing director (UK life and pensions) Nick Smith in the new role of distribution director.

Smith was most recently managing director of CGNU&#39s wealth management business.

Senior media relations manager Darragh Leeson says: “When we brought our four businesses together, it became apparent there was duplication in certain areas and processes. There is a certain set of skills necessary to bring businesses together and we believe Nick Smith has those skills.”

Also departing from the Pru are chief operating officer Alan Cook, who is resigning after 31 years, and Kim Lerche-Thomsen, who has worked there for 27 years, most recently as chief executive of its product development unit, PruLab. He was also briefly chief executive of Scottish Amicable before the brand was axed.

Lerche-Thomsen is staying on as a consultant to the board. He will be replaced as head of PruLab by Richard Field, who is currently director of Prudential&#39s portfolio management group.

Tim Tookey will join as UK finance director in September from general insurance broker Heath Lambert Fenchurch Insurance Holding, where he was group finance director. Business-to-business distribution director Andy Briggs will assume responsibility for affinities, with a remit to develop relationships with third parties.

Annuity Bureau director Ronnie Lymburn says: “Chief executive Mark Wood is a mover and shaker and has his likes and dislikes.”


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