Prudential appoints former head of regulator as non-executive director
LONDON, Sept 15 (Reuters) - British insurer Prudential (Amsterdam: PD8.AS - news) said on Tuesday it had appointed Adair Turner, the former head of the country's financial services regulator, as a non-executive director.
"Lord Turner (of Ecchinswell)'s distinguished career has given him considerable expertise in global financial services, particularly in regulation and risk management," Prudential chairman Paul Manduca said in a statement.
Under Turner's chairmanship, the Financial Services Authority (FSA) fined Prudential (HKSE: 2378.HK - news) 30 million pounds ($46 million) and censured then-chief executive Tidjane Thiam in 2013 over the insurer's failure to tell the regulator about its attempted takeover of rival AIA (HKSE: 1299-OL.HK - news) in 2010.
The FSA was abolished at the end of March 2013 and replaced by the Financial Conduct Authority.
Thiam left Prudential this year to run Credit Suisse (Other OTC: CDSSF - news) .
Prudential also said on Tuesday it had appointed former PwC executive David Law as a non-executive director.
($1 = 0.6482 pounds) (Reporting by Carolyn Cohn; Editing by Mark Potter)