Prudential appoints Pat Casey as Group Chief Risk Officer

Mike Evans

Global insurance major, Prudential PLC has appointed Pat Casey as an interim Group Chief Risk Officer.

The appointment of Pat Casey was as necessitated by the resignation of Penny James, she is stepping down from her role as Group Chief Risk Officer and from the Board on 30 September 2017.

Prudential said a permanent replacement for Ms James will be announced in due course. Ms James is leaving Prudential to take up the role of Chief Financial Officer at Direct Line Group.

Mike Wells, Group Chief Executive, said: “I would like to thank Penny for the contribution she has made to the Group, first as Director of Group Finance and more recently as Group Chief Risk Officer. She leaves the Group in a strong position to continue managing the risks we face in a rapidly changing global environment and ready to respond to emerging threats. I would also like to thank Pat for taking up the Group Chief Risk Officer role on an interim basis.”

Paul Manduca, Chairman, said: “Penny has been an important asset to the Group during her time at Prudential, effectively managing risk through a time of significant change. On behalf of the Board I would like to wish her well for the future.”

Penny James said: “Prudential has responded well to rapid changes in the global landscape and remains focused on delivering products that are valued by our customers and profitable for our investors, within a balanced risk appetite. I would like to thank the Board and all my colleagues for their support during my six years at Prudential.”

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