Prudential Changes Regional and Eastspring Chief

Prudential Changes Regional and Eastspring Chief

UK-domiciled insurance group Prudential has announced the appointment of two new C-suite executives.

Prudential has appointed Naveen Tahilyani as regional CEO for India, Africa, the Philippines, Cambodia, Laos and Myanmar with responsibility for health, according to a statement. Based in India, he will join the business and group executive committee on July 29, reporting to Prudential CEO Anil Wadhwani.

Tahilyani was most recently managing director and chief executive of Tata Digital. He also served as managing director and CEO of Tata AIA. Prior to his insurance career, he spent 17 years at McKinsey advising banks and insurance companies across Asia.

This appointment follows Solmaz Altin’s previously announced decision to retire and return to Europe to be closer to his family.

Asia Head at Fidelity Int’l

In addition, the British insurer also appointed Rajeev Mittal as CEO of its Asia-focused asset management business, Eastspring Investments, effective July 1. Based in Singapore, he will also report to Wadhwani and join the group executive committee.

Mittal has over 30 years of asset management experience in Asia and Europe, most recently serving as managing director and head of Asia at Fidelity International. Prior to that, he spent 26 years at AIG and PineBridge Investments, including as CEO of PineBridge Europe and CEO of PineBridge Asia Pacific.

He succeeds Bill Maldonado who has decided to retire and return to the UK where his family has been living for the past four years. Maldonado will continue to be an advisor to the business until the end of September to ensure continuity and a seamless transition. He will also continue to serve as a board member of ICICI Prudential Asset Management Company Limited.