M&G plc today announces that Clare Bousfield is appointed Managing Director, Retail & Savings, with effect from 1 October 2021, subject to regulatory approval.

In this newly-created role, Ms Bousfield will lead the expansion of M&G Wealth in the UK, and complete the transformation of the Prudential-branded operations to improve customer outcomes and generate business efficiencies.

Ms Bousfield will hand over her responsibilities as Chief Financial Officer to the Deputy CFO, Paul Cooper, who will act on an interim basis while M&G conducts a search for a replacement, and given the expected time commitments of her new role and her regulatory responsibilities with respect to Prudential Assurance Company Limited she will also step down from the PLC Board.

John Foley, Chief Executive, comments: 'Clare is the ideal leader to bring fresh impetus to this part of our business, given her financial insight, knowledge of the operations and strong relationships.

'This appointment and a number of other leadership changes I am making today position us well for the next phase of M&G's ambitions and our strategy to return to sustainable growth.'

Retail & Savings consists of M&G Wealth and the Heritage Business, which includes the Prudential-branded operations in UK and Europe.

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M&G plc published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2021 07:11:02 UTC.