Prudential Appoints Angel Ng as Regional CEO for Greater China Following Lilian Ng’s Retirement

Prudential Appoints Angel Ng as Regional CEO for Greater China Following Lilian Ng’s Retirement

(IN BRIEF) Prudential plc has announced that Lilian Ng, Managing Director of the Strategic Business Group, will retire at the end of the year after 30 years with the company. She will be succeeded by Angel Ng, formerly of Citi, as Regional CEO, Greater China, Customer, and Wealth. Angel Ng will report to CEO Anil Wadhwani and join the Group Executive Committee on October 1. Ng will stay on as an advisor until June 2025 to facilitate a smooth transition.

(PRESS RELEASE) LONDON, 5-Aug-2024 — /EuropaWire/ — Prudential plc has announced the upcoming retirement of Lilian Ng, Managing Director of the Strategic Business Group, at the end of this year after a distinguished 30-year career with the company. Succeeding her is Angel Ng, a former senior leader at Citi, who will take on the role of Regional CEO, Greater China, Customer, and Wealth. Angel Ng will report to Chief Executive Officer Anil Wadhwani and join the Group Executive Committee starting October 1.

Lilian Ng, who joined the Group Executive Committee in July 2022, has played a crucial role in managing Prudential’s businesses in Greater China and leading the Group’s Customer and Distribution strategies. Since her appointment as Chief Executive, Insurance, Asia in 2015, Lilian has been instrumental in leading the life insurance operations and improving the company’s performance across the region.

Anil Wadhwani praised Lilian Ng’s contributions, stating, “Lilian has had a remarkable career, significantly growing our business in Asia and impacting our people and partners. Her leadership in building our multi-distribution platform and driving growth in Greater China has been invaluable. We deeply appreciate her dedication and achievements over the past decades.”

Angel Ng joins Prudential with 25 years of experience in financial services. Most recently, she managed Citi’s Asia North & Australia Cluster, including China, Hong Kong, Taiwan, Korea, Australia, and New Zealand. Angel has also overseen Asia Private Bank and Consumer Banking as Head of Asia for Citi Global Wealth and served as CEO for Citi Hong Kong and Macau. She is actively involved in various boards and committees in Hong Kong and serves as an Adjunct Professor at both the Chinese University of Hong Kong and City University of Hong Kong.

Anil Wadhwani expressed confidence in Angel Ng’s appointment, stating, “Angel’s extensive experience in Greater China and expertise in distribution, customer, and wealth management, along with her entrepreneurial mindset, make her an excellent choice to lead our Greater China markets and advance our Customer and Wealth strategies. Her appointment aligns perfectly with our business strategy unveiled in August 2023.”

Lilian Ng will continue in her current role until the end of the year to ensure a smooth transition and will then serve as an advisor to the Chief Executive Officer until June 2025.

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

https://www.prudentialplc.com/

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SOURCE: Prudential plc