July 27 (Reuters) - M&G Prudential, formed through the marriage of M&G Investments and Prudential’s UK & Europe life business, said Anne Richards, currently top boss at M&G Investments, was stepping down to take up a senior leadership position in the financial services industry.
Clare Bousfield, currently CEO of Prudential UK, would become CFO of M&G Prudential, it said on Friday, adding the changes were in preparation for its planned demerger from Prudential.
“These management changes will help M&G Prudential to deliver better outcomes as a separate listed company,” Group Chief Executive Mike Wells said in a statement.
M&G Prudential’s CEO John Foley would take on the additional responsibilities of heading the key regulated entities of M&G and Prudential UK, the company said.
Reporting by Noor Zainab Hussain in Bengaluru; editing by Carolyn Cohn