Prudential has appointed Angel Ng as its new regional CEO of its Greater China, customer and wealth businesses.
Ng will take over the role from outgoing regional CEO Lilian Ng. Lilian, who is currently the managing director of Prudential’s strategic business group, has decided to retire at the end of this year after 30 years with the company.
Lilian was appointed Prudential’s chief executive, Insurance, Asia in 2015 where she oversaw the life insurance businesses and operational performance across the region. She became a member of the group executive committee in July 2022, managing Prudential’s businesses in Greater China and leading the group’s customer and distribution strategies.
Angel comes with 25 years of experience in the financial services sector. Her most recent role was with Citi where she led all lines of business in the bank’s Asia North & Australia Cluster including China, Hong Kong, Taiwan, Korea, Australia and New Zealand. Previously, Angel was Head of Asia for Citi Global Wealth, overseeing Asia Private Bank and Consumer Banking, as well as serving as CEO for Citi Hong Kong and Macau.
“As a veteran of Prudential and the insurance industry, Lilian has a distinguished career in growing our business in Asia with outsized impact,” says Prudential’s CEO Anil Wadhwani. “She has made a significant impact on our people, our agency force, and deepened relations with strategic bank partners. She played a pivotal role in building our scaled multi-distribution platform and driving transformative growth for our businesses in Greater China. I would like to express our deep gratitude for her leadership and significant contributions to Prudential over the past decades.”
Wadhwani also welcomed Angel’s appointment, noting that her “deep experience” in Greater China, distribution, customer and wealth management, as well as her “entrepreneurial mindset”, makes her the ideal candidate to lead the company’s Greater China markets as well as spearheading Prudential’s customer and wealth businesses.
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“[Angel’s] appointment is another step towards strengthening our capabilities in alignment with the business strategy unveiled in August 2023,” he adds.
Lilian will remain in her current role until the end of the year to facilitate a seamless transition. She will then become an advisor to the CEO, until June 2025.
Angel will join Prudential’s group executive committee from Oct 1.
