Form 6-K PRUDENTIAL PLC For: May 10
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of May, 2019
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
LAURENCE POUNTNEY HILL,
LONDON, EC4R 0HH, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in connection with Rule 12g3-2(b): 82-
10 May 2019
Prudential appoints new Non-Executive Director
Prudential plc ("Prudential") announces the appointment of Amy Yip
as a Non-Executive Director and a member of the Remuneration
Committee. She will join the Board on 2 September
2019.
Ms Yip has extensive experience of China and Southeast Asia
following a 40-year career in insurance, asset management and
Government.
She has served as an Executive Director of the Hong Kong
Monetary Authority, Group Head of Wealth Management
of DBS Bank, Chair of DBS Asset Management and Chief Executive
Officer of DBS Bank Hong Kong. She was also a Member of the
Hong Kong Government's Commission on Strategic
Development.
She is currently a Non-Executive Director of Deutsche Börse
AG, AIG Insurance Hong Kong Limited and Fidelity Funds. She is the
Founder and Managing Partner of Rays Capital Partners, a Hong
Kong investor in Asian equities.
Paul Manduca, Chairman of Prudential, said: "I am delighted that
Amy Yip is joining the Board. She is a highly respected individual
with considerable expertise in financial services in China and
Southeast Asia."
Enquiries:
Media
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Investors/Analysts
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Jonathan Oliver
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+44 (0)20 3977 9500
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Patrick Bowes
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+44 (0) 20 3977 9702
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Tom Willetts
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+44 (0)20 3977 9760
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Richard Gradidge
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+44 (0) 20 3977 9263
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Addy Frederick
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+44 (0)20 3977 9399
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William Elderkin
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+44 (0) 20 3977 9215
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Notes to Editors:
About Amy Yok Tak Yip
Ms Yip
started her career at Morgan Guaranty Trust of New York in 1978
before joining the Management Analysis Centre in Boston and Hong
Kong as a Consultant in 1986. She became Executive Director of
Rothschild Asset Management in Hong Kong in 1988, Vice President of
Citibank Private Bank North Asia in 1991 and Executive Director (Reserves
Management) of the Hong Kong Monetary Authority in 1996.
She was Group Head of Wealth Management of DBS
Bank, Chair of DBS Asset
Management and Chief Executive Officer of DBS Bank Hong
Kong between 2006 and 2010. Since 2011 she been an Adviser to Vita
Green, a health supplements provider based in Hong Kong, and the
Founder and Managing Partner of Ray Capital Partners, a Hong Kong
investor in Asian equities. She became a Non-Executive Director of
AIG Insurance Hong Kong Limited in 2011 and Chair of its Audit
Committee in 2017, a Non-Executive Director and member of the
Compensation and Nomination committees of Temenos Group AG in
2014, a Non-Executive Director and member of the Strategy Committee
of Deutsche Börse AG in 2015 and a Non-Executive
Director of Fidelity Funds in 2017. Ms Yip has degrees from
Brown University and Harvard Business School. Age 67.
Shareholding
Ms
Yip holds no interest in any
shares of Prudential plc.
Length of service
Non-Executive Directors are usually appointed for an initial
three-year term. They are typically expected to serve for two
three-year terms, although the Board may invite them to serve for
an additional period.
Remuneration
Non-Executive Directors are not eligible to participate in annual
bonus plans, long-term incentive plans or pension arrangements.
Their fees are determined by the Board and reflect their individual
responsibilities, including committee membership as
appropriate.
Ms Yip's annual fee at appointment will consist of a basic fee for
Board membership and an additional fee for Remuneration Committee
membership, which are currently set at £97,000 per annum and
£30,000 per annum respectively.
Regulatory disclosures
Ms Yip is considered to be independent for the purposes of the UK
Corporate Governance Code and under the Hong Kong Listing
Rules.
Save as disclosed above, there is no further information required
to be disclosed pursuant to Listing Rule 9.6.13 (1) - (6) of the
Listing Rules of the Financial Conduct Authority and Rule 13.51(2)
of the Rules Governing the Listing of Securities on the Stock
Exchange of Hong Kong Limited.
About Prudential plc
Prudential plc and its affiliated companies constitute one of the
world's leading financial services groups, serving 26 million
customers and it has £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.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: 10
May 2019
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By:
/s/ Alan Porter
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Alan
Porter
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Group
General Counsel and Company Secretary
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