Prudential has announced a major change in its executive leadership team, with James Turner departing from the role of Chief Financial Officer (CFO).
Prudential said the decision was made following an investigation into a Code of Conduct issue relating to a recent recruitment situation. A statement said “The Group sets itself high standards and Mr Turner fell short on this occasion. Mr Turner will remain available to the Group for a period of four months to support a smooth transition.”
Ben Bulmer has been named as Prudential’s new group Chief Financial Officer, subject to regulatory approval. He is currently CFO, Insurance and Asset Management, having previously served as Chief Financial Officer of Prudential Corporation Asia. Bulmer also has extensive experience within the Group, having held a variety of leadership positions across the finance function in Asia and London since joining in 1997.
Anil Wadhwani, Chief Executive Officer of Prudential, commented: “I am delighted to appoint Ben as Chief Financial Officer. Ben is a highly experienced finance leader who has developed a deep understanding of our business and markets during his 26 years at Prudential, including in his role as Chief Financial Officer at Prudential Hong Kong’s Life Insurance businesses and in central finance roles in the Group.”
The Group said there are no implications for the financial performance, reporting or operations of the business and expects to publish its Half Year Results on 30 August as previously announced.
