View more on these topics

Pru promotes finance boss to chief risk officer


Prudential has named its director of group finance as permanent group chief risk officer.

Penny James succeeds John Foley in the role, who had taken the position on an interim basis following the departure of Pierre-Olivier Bouée.

Bouée stepped down in May, later resurfacing alongside former Pru chief executive Tidjane Thiam at Credit Suisse.

As well as the CRO role, James will join Pru’s board as an executive director from 1 September.

James was previously responsible for delivery of the group’s financial results, business planning and performance monitoring, as well as leading the insurer’s Solvency II programme and sitting on its group executive risk committee.

Following the appointment, Foley will retain his role as group investment director, retaining a seat on the group executive committee.

Pru chief executive Mike Wells says: “I have worked closely with Penny since she joined Prudential four years ago. During this time she has demonstrated a capacity for insightful analysis and counsel, as well as highly effective leadership. I look forward to continuing to work with Penny in her new role.”


Scorpion-Predatory Arthropod Arachnid-Venom-Sting-700.png

Ombudsman backs Prudential in £18k pension liberation case

A complaint made against Prudential after it allowed a customer to transfer to a suspected pension liberation scheme has been rejected. The Pensions Ombudsman ruled against the complainant, Mr Johnston, who said the provider did not carry out sufficient checks and should reimburse him after his £18,000 pot went missing. In 2012 Johnston requested a […]


Prudential hires senior asset allocation specialists

Prudential Portfolio Management Group has hired two new senior staff to help run the division’s asset allocation. Michael Coop has joined the firm as head of multi-asset portfolio management, while Ciaran Mulligan will take the role of head of manager oversight. Prudential Portfolio Management Group manages £155.2bn of money in Prudential’s UK fund ranges, including its £76.7bn with […]


Prudential boss Tidjane Thiam leaves for Credit Suisse

Prudential chief executive Tidjane Thiam is to step down later this year to become the chief executive of Credit Suisse. Prudential says a successor will be announced shortly. Thiam joined Prudential as chief financial officer in 2008 and became chief executive in 2009. He says: “It has been a privilege and a pleasure to lead […]

Adamson-Clive-FCA-2013 700 x 450.jpg

Ex-FCA boss Clive Adamson to join Prudential

Former FCA director of supervision Clive Adamson is set to join Prudential, City AM reports. The newspaper suggests Adamson could be set to take up a role as a non-executive director at the insurer. Adamson left the regulator in December ahead of the Davis inquiry into a bungled briefing given to the Daily Telegraph which led […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment