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Nick Prettejohn steps down as Pru UK chief

Nick Prettejohn is to step down from his position as chief executive of Prudential UK and Europe in September this year.

Prudential has named Lloyds Banking Group direct channels UK retail banking managing director Rob Devey as his replacement.

Prior to joining HBOS, Devey was a consultant with the Boston Consulting Group in both Europe and the US working in financial services.

Devey will join Prudential at a date yet to be confirmed.

Prudential group chief executive Mark Tucker says: “I am pleased to announce the appointment of Rob Devey as successor to Nick Prettejohn. Rob has clearly demonstrated his capability in complex leadership roles and I look forward to welcoming him to the group.

“I am very sorry to see Nick Prettejohn leave Prudential and want to thank him for his outstanding contribution in developing and implementing a highly effective strategy that has dramatically improved the performance and profitability of the UK business. Nick leaves a strong legacy and he should be proud of his achievements in transforming the UK business.”

Prettejohn says: “The UK business now has a much clearer sense of purpose and momentum and I want to thank the group chief executive, the UK leadership team and all the employees of the UK business for helping drive the transformation of the business during the past three and a half years.”

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