Prudential Asia CEO stepping down, replacement confirmed

Added 18th May 2017

Tony Wilkey is to step down as chief executive of Prudential Corporation Asia. His replacement has been named as Prudential’s group chief financial officer Nic Nicandrou, who will subsequently be replaced by Deloitte UK’s Mark FitzPatrick.

Prudential Asia CEO stepping down, replacement confirmed

Wilkey has been with Prudential for more than 10 years and is leaving to pursue new challenges. He will remain with the business until July to ensure an orderly transition.

FitzPatrick is currently a managing partner of Deloitte UK and a member of its executive committee.  He has 26 years’ global industry experience, and his roles at Deloitte have included leading the chief financial officer training programme and the insurance & investment management audit practice.

Experience

Mike Wells, group chief executive of Prudential, said: “[Mark] brings both senior boardroom experience and a quarter of a century leading the most complex projects in global financial services. His auditor’s eye for detail combined with a matchless knowledge of the sector and Prudential will make him a huge asset to our executive team.

“Since joining Prudential in 2009, Nic has proven himself not just as a first-class CFO, building and leading an international team of experts, but also as a talented strategist and rigorous operational manager. I am confident that he will lead our Asian business to further success.

He added: “Tony has made an important contribution to our achievements in Asia over the past decade and I wish him the best of luck for the future.”

Strong long-term strategy

FitzPatrick said: “Having worked with many leading financial businesses, for me Prudential has always stood out as having the best people and a strong long-term strategy. I am therefore pleased to have the opportunity to join the group and look forward to starting my new role.”

Nicandrou added: “I have always admired the talent and enthusiasm of our colleagues in Asia and I am hugely looking forward to joining the team. Prudential’s purpose is to de-risk people’s lives and help them secure their financial future.

"Asia remains central to the group’s prospects and we are privileged to have the opportunity to serve the fast-growing wealth and protection needs of current and future generations of customers in the region.”

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Kirsten Hastings

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Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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