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Prudential appoints Evans chair for M&G Prudential ahead of break-up

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Prudential appoints Evans chair for M&G Prudential ahead of break-up

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(Reuters) - Britain's largest listed insurer, Prudential Plc <PRU.L> on Monday appointed Mike Evans as chair of M&G Prudential, its UK and Europe life insurance and asset management unit, as it prepares for a break-up of the company. Evans has over 36 years of experience in the savings and investments sector and joins M&G Prudential from Just Eat Plc <JE.L>, where he is chairman. Evans has also been chairman of financial services company Hargreaves Lansdown <HRGV.L>.

Prudential said in March it planned to demerge M&G Prudential into a separate business with a London listing. The remaining Prudential business will focus on Asia and the United States.

(Reporting by Shariq Khan in Bengaluru; editing by Jason Neely)

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