Prudential plc Appoints Pankaj Banerjee as Group Chief Agency Officer to Drive Technology-Powered Distribution Strategy

Prudential plc Appoints Pankaj Banerjee as Group Chief Agency Officer to Drive Technology-Powered Distribution Strategy

(IN BRIEF) Prudential plc has announced the appointment of Pankaj Banerjee as Group Chief Agency Officer, effective September 30, 2024. Reporting to Lilian Ng, Managing Director of the Strategic Business Group, Banerjee will lead Prudential’s strategy in enhancing agency operations across its 24 markets in Asia and Africa. With over 24 years of insurance management experience, including senior roles at ICICI Prudential and Manulife Asia, Banerjee’s return to Prudential aims to bolster the company’s focus on leveraging technology for agent empowerment and customer engagement. The appointment aligns with Prudential’s strategic ambition, set out under CEO Anil Wadhwani, to significantly grow agency new business profit by 2027.

(PRESS RELEASE) LONDON, 8-Jul-2024 — /EuropaWire/ — Prudential plc (LON: PRU), a British multinational life and health insurance company, announces that it has appointed Pankaj Banerjee as its new Group Chief Agency Officer, effective from September 30, 2024. Reporting to Lilian Ng, Managing Director of the Strategic Business Group, Banerjee will spearhead Prudential’s technology-driven distribution strategy, focusing specifically on agency operations. Based at Prudential’s headquarters in Hong Kong, Banerjee will collaborate closely with teams across the company’s 24 markets in Asia and Africa.

Lilian Ng commented, “Agency is fundamental to Prudential, and we hold leading positions across Asia. We are excited to welcome Pankaj back to Prudential to strengthen and cultivate our agency force across our diverse markets. His leadership will empower our agents to become trusted partners for our customers through an integrated digital platform. This appointment underscores our ongoing commitment to attracting top talent as we continue to execute our strategy with determination.”

With over 24 years of experience in insurance management, Banerjee returns to Prudential, where he has previously held senior positions at ICICI Prudential in India and served as Chief Partnership Distribution Officer at Prudential Vietnam, among other roles. Most recently, he held the position of Chief Distribution Officer for Manulife Asia and has also led as CEO for AIA in Sri Lanka and CEO, Partnership Distribution at the AIA Group.

Prudential unveiled a new strategic direction in August 2023 under CEO Anil Wadhwani, aiming to achieve significant agency growth by increasing new business profit by 2.5 to 3 times from 2022 levels by 2027.

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/

SOURCE: Prudential plc