Prudential on Monday announced that Angel Ng will take on the role of Regional CEO, Greater China, Customer and Wealth, effective from 1 October.
Hong Kong-based Ng will report to Prudential’s Chief Executive Officer, Anil Wadhwani and will join the Group Executive Committee as part of the move.
She brings 25 years of financial services experience to her new role and joins from Citi where she most recently led all lines of business in the group’s Asia North & Australia Cluster, which includes China, Hong Kong, Taiwan, Korea, Australia, and New Zealand.
Commenting on Ng’s appointment, Wadhwani said, “Angel’s deep experience in Greater China, distribution, customer and wealth management, combined with her entrepreneurial mindset, make her the ideal candidate to lead the Greater China markets, in addition to spearheading the group-wide Customer pillar and Wealth enabler.”
Earlier in her career, Ng was Head of Asia for Citi Global Wealth, overseeing Asia Private Bank and Consumer Banking, and served as CEO for Citi Hong Kong and Macau.
Prudential concurrently announced that Lilian Ng, Managing Director of the Strategic Business Group, will retire at the end of this year after a 30-year tenure with the company.
Lilian Ng joined the Group Executive Committee in July 2022, managing Prudential’s businesses in Greater China and leading the Group’s Customer and Distribution strategies. In 2015, she was appointed Chief Executive, Insurance, Asia, where she was responsible for leading the life insurance businesses and operational performance across the region.
Wadhwani commended Lilian Ng’s contributions, commenting, “As a veteran of Prudential and the insurance industry, Lilian has a distinguished career in growing our business in Asia with outsized impact. She has made a significant impact on our people, our agency force, and deepened relations with strategic bank partners.”
“She played a pivotal role in building our scaled multi-distribution platform and driving transformative growth for our businesses in Greater China. I would like to express our deep gratitude for her leadership and significant contributions to Prudential over the past decades,” Wadhwani added.
Lilian Ng will remain in her current role until the end of the year to ensure a smooth transition. She will then become an advisor to the Chief Executive Officer until June 2025.
