Prudential has lost two members of its senior management team to rivals Paternoster and Old Mutual.
Chief operating officer Rosie Harris is joining Old Mutual, where she will replace John Deane as group head of risk and compliance.
Harris has been at Prudential for 21 years and held key roles including risk management director and customer service director .
Paternoster has recruited Prudential business development director for annuities David Still as pricing director. His appointment completes the set-up of Paternoster’s management team and sees him link up with former Prudential colleague Mark Wood, who is chief executive.
Still will be responsible for Paternoster’s pricing. He is a fellow of the Institute of Actuaries.
Wood says: “With David’s appointment, Paternoster’s management team is complete. Our team draws together people who have worked in the bulk annuity market since it was created. Our actuarial and investment specialists are widely regarded as experts in their field, our operations’ capability draws experience from the biggest financial services businesses and our technical and legal expertise comes from the top-tier professional services organisations.”