Chairman Of The Board Announced
The new chairman at the Prudential has been named as Harvey McGrath. His last role was chairman of Man Group, one of the biggest hedge fund management companies in the UK.
Investors and shareholders in the Prudential wanted to see an appointment that brought in a person with good knowledge and understanding of international business but was UK based. Mr McGrath appears to fit the bill perfectly and is expected to make a significant contribution to the success of the Pru over the coming months and years.
As non-executive chairman Mr McGrath will be paid an annual fee of GBP500,000, for which he will use all his knowledge and experience to drive the Prudential forwards, especially in some of the emerging markets where it needs a steady and experienced hand at the helm.