In an interview with the Daily Mail today, Thiam (pictured) says the UK is still key to the insurer, but that he would not be fulfilling his duty if he failed to speak to potential bidders.
He says: “The UK business plays a key role for Prudential. It is a provider of cash, of capital. It supports our credit rating. Without it I cannot raise any debt.”
But he confirms holding talks with Cowdery.
He says: “Everyone has. It is my fiduciary responsibility. Whenever anybody asks us about any part of our business it is my duty to look at it and determine whether it is attractive for our shareholders.”
He refused to speculate on whether the UK arm would still be part of Prudential in two years’ time.