Prudential has appointed John Foley as chief executive of its UK and Europe business and made him an executive director of the group.
Foley, who has held the role on an interim basis followed Tidjane Thiam’s departure in 2015, joined Prudential in 2000 as deputy group treasurer.
He subsequently held positions including group treasurer, group chief risk officer and group investment director.
Prior to Prudential he worked at National Australia Bank as global capital market general manager.
Prudential group chief executive Mike Wells says: “John has played a huge role in the group’s success in recent years. He helped to steer the group through the financial crisis as chief risk officer and has gone on to strengthen our investment oversight as group investment director. I am therefore delighted that he has now agreed to lead Prudential UK and Europe.
“He will be able to deploy his leadership skills and exceptional knowledge of the investment landscape to provide the best possible outcomes for our shareholders and our millions of customers in the UK.”
John Foley says: “I am delighted that I am joining the team at Prudential UK and Europe on a permanent basis. I know the business well and look forward to helping it to continue to meet the needs of our millions of customers in the fast-changing UK market.”