October 1, 2018 / 10:48 AM / 8 months ago

Prudential appoints Evans chair for M&G Prudential ahead of break-up

(Reuters) - Britain’s largest listed insurer, Prudential Plc (PRU.L) on Monday appointed Mike Evans as chair of M&G Prudential, its UK and Europe life insurance and asset management unit, as it prepares for a break-up of the company. Evans has over 36 years of experience in the savings and investments sector and joins M&G Prudential from Just Eat Plc (JE.L), where he is chairman. Evans has also been chairman of financial services company Hargreaves Lansdown (HRGV.L).

Prudential said in March it planned to demerge M&G Prudential into a separate business with a London listing. The remaining Prudential business will focus on Asia and the United States.

Reporting by Shariq Khan in Bengaluru; editing by Jason Neely

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