View more on these topics

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 one of the iconic companies in UK financial services. We have successfully navigated some challenging times, including the global financial crisis, and have emerged with four profitable and strongly cash-generative businesses.

“All of that has been achieved as a result of the dedication and teamwork of the group leadership and our talented people around the world and it has been an honour to lead them.

“I look forward to presenting our 2015 Q1 results in May and attending my final annual general meeting as chief executive shortly thereafter.”

Prudential chairman Paul Manduca says: “Tidjane has been one of the most exceptional leaders in Prudential’s history.

“Although the board will be sorry to see him go, we understand his desire to take on a new challenge and we wish him every success in his new role.

“We have identified a successor and expect to be able to announce a new chief executive once the regulatory approval process has been completed.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com