Prudential PLC Prudential appoints new Non-Executive Director (7007S)
18 Marzo 2021 - 2:30AM
UK Regulatory
TIDMPRU
RNS Number : 7007S
Prudential PLC
18 March 2021
18 March 2021
Prudential plc appoints Jeanette Wong as a Non-Executive
Director
Prudential plc (Prudential) has appointed a Non-Executive
Director with extensive experience of south-east Asia to join its
Board on 1 May 2021.
Jeanette Wong has over 35 years of operational experience in
financial services. She worked as Chief Financial Officer of DBS
Group, a leader in digital technology in Asia, from 2003 to 2008
and was responsible for its institutional business from 2008 to
2019. Ms Wong worked in senior pan-Asian roles at JP Morgan in
Singapore from 1986 to 2003. She is a Non-Executive Director at UBS
Group, PSA International and (until 10 April 2021) Fullerton Fund
Management. She is Chairman of the Council of CareShield Life in
Singapore, and has held directorships at ASEAN Finance Corporation,
TMB Bank in Thailand and the Bank of the Philippine Islands.
Ms Wong's appointment follows Prudential's announcement last
month that Chua Sock Koong and Ming Lu will join the Board as
Non-Executive Directors on 1 May 2021.
Shriti Vadera, Chair of Prudential plc, said: "I am delighted
that Jeanette Wong is joining the Board. She has a wealth of
operational experience from a long career in financial services in
southeast Asia. Her knowledge and skills will be invaluable as
Prudential continues its transformation into a business focused
exclusively on Asia and Africa."
Contacts
Media Investors/Analysts
Jonathan Oliver +44 (0)20 3977 9500 Patrick Bowes +44 (0)20 3977 9702
Tom Willetts +44 (0)20 3977 9760 William Elderkin +44 (0)20 3977 9215
Notes to Editors
About Jeanette Kai Yuan Wong
Jeanette Wong has over 35 years of operational experience in
financial services. She started her career in Singapore at Banque
Paribas in 1982 and moved to Citibank in 1984. She held senior
pan-Asian roles at JP Morgan in Singapore from 1986 to 2003, when
she became Chief Financial Officer at DBS Group until 2008. She led
DBS Group's institutional banking business from 2008 to 2019, where
she was responsible for corporate banking, global transaction
services, strategic advisory, and mergers and acquisitions. As part
of her role at DBS Group, Ms Wong held Non-Executive Director
positions with ASEAN Finance Corporation, TMB Bank and the Bank of
the Philippine Islands. She is currently a Non-Executive Director
at UBS Group AG, PSA International, the Singapore Securities
Industry Council, Fullerton Fund Management Ltd (until 10 April
2021) and EssilorLuxottica SA (until 21 May 2021) . Ms Wong is
Chairman of the Council of CareShield Life, Singapore's mandatory
care insurance scheme. She has also served as a Non-Executive
Director at Neptune Orient Lines Limited. Ms Wong holds an MBA from
the University of Chicago and a degree in Business Administration
from the National University of Singapore. Age 61.
Shareholding
Ms Wong does not hold any interest in any shares of Prudential
plc.
Length of service
Non-Executive Directors are usually appointed for an initial
three-year term. They are typically expected to serve for two
three-year terms, although the Board may invite them to serve for
an additional period.
Remuneration
Non-Executive Directors are not eligible to participate in
annual bonus plans, long-term incentive plans or pension
arrangements. Their fees are determined by the Board and reflect
their individual responsibilities, including committee membership
as appropriate.
The annual fee for Ms Wong at appointment as a Non-Executive
Director will consist of a basic fee of GBP99,000.
Regulatory disclosures
Ms Wong is considered independent for the purposes of the UK
Corporate Governance Code and the Hong Kong Listing Rules.
Ms Wong will join the Board of Prudential Corporation Asia
Limited, a wholly owned subsidiary of Prudential, on 1 May 2021.
Following the change of Group-wide supervisor in October 2019 to
the Hong Kong Insurance Authority, the composition of the Board of
Prudential Corporation Asia Limited mirrors the Prudential
Board.
Save as disclosed above, there is no further information
required to be disclosed pursuant to Listing Rule 9.6.13 (1) - (6)
of the Listing Rules of the Financial Conduct Authority and Rule
13.51(2) of the Rules Governing the Listing of Securities on the
Stock Exchange of Hong Kong Limited.
About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on
structural growth markets. The business helps people get the most
out of life through life and health insurance, and retirement and
asset management solutions. Prudential plc has 20 million customers
and is listed on stock exchanges in London, Hong Kong, Singapore
and New York. Prudential plc is not affiliated in any manner with
Prudential Financial, Inc. a company whose principal place of
business is in the United States of America, nor with The
Prudential Assurance Company Limited, a subsidiary of M&G plc,
a company incorporated in the United Kingdom.
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