Hunt to succeed Devey as CEO of Prudential UK and Europe

FTSE 100-listed UK insurer Prudential has appointed Jackie Hunt as Chief Executive Officer for the Prudential UK and Europe division.

Hunt, who will join the group from Standard Life where she is currently Chief Financial Officer, and will succeed Rob Devey, who is leaving the group at the end of October 2013 to pursue new opportunities.

Tidjane Thiam, Group Chief Executive of Prudential said: "Jackie joins Prudential with a proven track record of delivery in the highly competitive UK insurance market. I am delighted that a person of her talent and experience is joining the group. I greatly look forward to working with her."

He added: "I would like to thank Rob for the contribution he has made towards the progress of Prudential UK and Europe over the past four years. Under Rob's leadership, the business has continued to meet the savings and retirement needs of our seven million customers in the UK, providing them with investment returns that have consistently outperformed the market."

Incoming Chief Executive, Jackie Hunt, said: "I greatly look forward to joining Prudential. It is a group which combines a proud heritage stretching back 165 years with a clear forward-looking strategy for meeting the savings and protection needs of its customers across the world. The UK and Europe business has a clearly defined and valuable role to play within the group."

Prudential's latest annual results showed the global insurer was performing above expectations.

In March, the group raised its full-year dividend by 15.9% to 29.19p per share after reporting a sharp increase in total profit before tax over the full year 2012.

Total profit before tax increased by 54% to £2.8bn, operating profit rose 25% to £2.5bn and shareholder funds climbed 21% to £10.4bn.

MF