M&GPrudential appoints new Non-Executive Director - Board composition set for demerger

M&GPrudential today announces the appointment of Clare Thompson as a Non-Executive Director and Chair of the Audit Committee. She joins the Board with immediate effect following her approval by the Prudential Regulatory Authority and the Financial Conduct Authority. With Ms Thompson’s appointment, the composition of the Board is set for the demerger of M&GPrudential from Prudential plc.

Ms Thompson is an experienced non-executive director with a deep understanding of the insurance sector. With extensive financial services and audit experience, Ms Thompson spent 23 years as lead audit partner on major financial services groups at PricewaterhouseCoopers LLP, predominantly in the insurance and investment sectors. She is a Non-Executive director of Bupa and Direct Line Group plc.

Mike Evans, Chair of M&GPrudential, said: “I am delighted that Clare is joining the Board. She has a wealth of experience from a distinguished career in global financial services and as a Non-Executive Director. Her appointment enhances the new Board of M&GPrudential as we prepare for demerger and our future as a stand-alone, publicly listed company.”

At the point of demerger, the M&GPrudential Board will consist of:

Mike Evans, Chair
John Foley, Chief Executive
Clare Bousfield, Chief Financial Officer
Caroline Silver, Senior Independent Non-Executive Director
Clive Adamson, Non-Executive Director and Chair of the Risk Committee
Robin Lawther, Non-Executive Director and Chair of the Remuneration Committee
Clare Thompson, Non-Executive Director and Chair of the Audit Committee

In March 2018, Prudential plc announced its intention to demerge M&GPrudential, the international savings and investments business formed by the merger of asset manager M&G and Prudential’s UK and Europe insurance operations.

Download a PDF of the release

If you require any further information, please contact

Spencer Horgan

Director of Investor Relations

+44 (0)20 8162 7888

+44 (0)797 381 5837

[email protected]

Notes to Editors

OpenAbout Clare Thompson

Clare Thompson is an experienced non-executive director with a deep understanding of the insurance sector. Ms Thompson spent her 35-year executive career at PricewaterhouseCoopers, 23 years as audit/lead partner on major financial services groups, including UK Financial Services Leader. Since stepping down from her executive career, Ms Thompson has developed a portfolio of non-executive directorships and is currently a Non-Executive Director of Bupa and Direct Line Group plc. Ms Thompson holds a B.A. in Mathematics from the University of York and is a Fellow of the Institute of Chartered Accountants in England and Wales.

OpenAbout M&GPrudential

M&GPrudential is the UK and European savings and investments business of Prudential plc. On 14 March 2018 Prudential plc announced its intention to demerge M&GPrudential from Prudential plc, resulting in two separately listed companies with different investment characteristics and opportunities. On completion of the demerger, shareholders will hold interests in both Prudential plc and M&GPrudential. M&GPrudential has total assets under management of £321 billion (as at 31 December 2018) and has more than 6 million customers worldwide. Over the next five years, M&GPrudential’s shareholders will be investing £250 million of shareholder capital into a series of transformation programmes to create a simple, modern, customer-centric savings and investments business.

OpenAbout Prudential plc

Prudential plc and its affiliated companies constitute one of the world’s leading financial services groups, serving 26 million customers, with £657 billion of assets under management (as at 31 December 2018). Prudential plc is incorporated in England and Wales and is listed on the 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.

M&G Securities Limited: Terms and Conditions for downloading Photographic material

1. Introduction

Welcome to the myM&G campaign landing page (the "Website"). The Website is operated by M&G Securities Limited (“M&G”, “we”, “us” or “our”). By accessing or using the Website and downloading any photographs, images, graphics, or any other visual content available for download or stored on the Website or M&G’s content management system (the “Photos”), you (“You”) represent to have read, understand and agree to comply with and be bound by these Terms and Conditions (the "Terms"), forming a binding agreement between You and us. If You do not agree to these Terms, please do not use the Website.

2. Intellectual Property Rights

All Photos available on the Website are the property of M&G or its licensors and are protected by copyright, trade mark, and other intellectual property laws. Unauthorised use of any Photos or content is strictly prohibited.

3. Permitted Use

Subject to your compliance with these Terms, M&G grants You a limited, non-exclusive, non-transferable, and revocable licence to download and use the Photos available on the Website for any purpose, except for purposes which are defamatory, derogatory, related to pornography, otherwise indecent, or involve the creation or dissemination of AI-generated “deep fake images”. Photos can only be downloaded from the hidden URL provided in the press release.

4. Additional prohibitions

You agree that You will not:

(a) modify, alter, or create derivative works from the Photos;

(b) use the Photos in any manner that infringes on the intellectual property rights of M&G or any third party;

(d) share the hidden URL with any unauthorised third party.

5. Attribution

When using the Photos, You must provide appropriate credit to M&G by including a link to our Website or mentioning the source in a manner that is reasonable and customary.

6. Disclaimer of Warranties

The Photos on the Website are provided “as is” without any warranties of any kind, either express or implied. M&G does not warrant that the Photos will be error-free or that your access to the Photos will be uninterrupted.

7. Limitation of Liability

In no event shall M&G be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of the Photos, even if M&G has been advised of the possibility of such damages. As the Photos are provided free of charge, M&G's total liability to You for any damages, losses, and causes of action shall not exceed the amount paid by You for accessing the Photos, which is nil.

8. Indemnification

You agree to indemnify and hold harmless M&G, its affiliates, and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your use of the Photos.

9. Changes to these Terms

M&G reserves the right to modify these Terms at any time. Any changes will be effective immediately upon posting on the Website. If a "click to accept" mechanism is not implemented, You will be notified of changes to the terms via email or a prominent notice displayed on the Website. Your continued use of the Website after any changes constitutes your acceptance of the new Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law principles. Any disputes arising out of or in connection with these Terms, including any questions regarding their existence, validity, or termination, shall be subject to the exclusive jurisdiction of the courts of England and Wales.

11. Contact Information

If you have any questions or concerns about these Terms, please contact us at [email protected].

2025 apprenticeships open now

Reframing later life