M&G Prudential has tapped three bankers to join its board as non-executive as it prepares to demerge from parent group Prudential.
The appointments, two of which are women, are part of the UK and European business’s spin-out from its international parent and takes immediate effect, pending regulators’ approval.
M&G Prudential chair Mike Evans said the trio brings a “wealth of experience and a diversity of viewpoint which will be invaluable as we prepare for demerger and our future as a stand-alone, publicly listed company”.
Moelis & Company managing director Caroline Silver (pictured) joins as senior independent non-executive director. Silver’s investment banking career spans 30 years. She is also chair of PZ Cussons, a non-executive director at Bupa and Meggitt and a trustee at the V&A Museum.
Clive Adamson and Robin Lawther also join as non-executive directors.
Adamson, who will chair the risk committee, has had an “extensive career in banking, and financial services regulation, including senior executive and advisory positions with the Financial Conduct Authority and its predecessor the Financial Services Authority”, a regulatory filing said. He is also a non-executive director on JP Morgan Securities, the Prudential Assurance Company, CYBG and Ashmore Group.
Lawther will chair the remuneration committee. Lawther is a JP Morgan investment banker who has specialised in mergers and acquisitions and capital raising. She is a non-executive director of Nordea Bank, UK Government Investments, Ashurst and Oras Invest.
