Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    50,467.72
    -1,133.42 (-2.20%)
     
  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

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.

ADVERTISEMENT

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)