Thiam finds new FD for the Pru at arch rival
Aviva's FD defects to rivals
Prudential
Prudential has poached the FD of rival Aviva, Nic Nicandrou, to replace
Tidjane Thiam who will become CEO later this year.
Thiam said in a statement yesterday that Nicandrou ‘will significantly
enhance our already strong management team and continue our commitment to best
in class disclosure and market communication. I greatly look forward to working
with him’.
Nicandrou said: ‘Prudential is ideally placed in terms of its unique
geographic exposure, capital strength and leadership capability, to continue its
outperformance over the cycle’.
Analysts are reported to believe the appointment will be viewed as a blow at
Aviva.
Thiam was CEO of Aviva Europe before joining Prudential.
The news was the only downside when Aviva yesterday reported better than
expected
first
quarter profits.
Nicandrou’s replacement will be Aviva’s chief actuary John Lister.
On
the money with David Jetuah