The move represents a shift of Prudential's leadership to the growing Asia-Pacific region, the business said.
As originally announced last May, Anil Wadhwani is joining UK-based Prudential plc as chief executive, as part of a move of senior management to Asia. He will take up the role in time to present the group’s full-year 2022 results on 15 March.
As a result, Mark FitzPatrick, chief executive since 1 April 2022, will step down from the board. As previously confirmed, FitzPatrick will remain as an advisor for a period, the organisation said in a statement.
Wadhwani has more than 30 years of financial services' experience, predominantly in Asia. Most recently, he was CEO of Manulife's Asia region for five years. Prior to this, he spent 25 years with Citi working across Asia-Pacific, EMEA and the US in a number of consumer financial services roles. He has spent the last five years in Hong Kong.
"With Anil's appointment, Prudential has now completed the move of its entire senior management team to Asia,” Shriti Vadera, chair of Prudential, said.
Prudential is the parent of M&G, the UK-based investment management group.