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Former Pru CEO Tucker to head AIA
19 July 2010
Published by IFAOnline AIG, the insurer that received £119bn in emergency funding during the financial crisis, is expected to appoint former Pru CEO Mark Tucker as head of its Asian business, AIA. The appointment comes weeks after Prudential's failed £23.1bn takeover of AIA, which collapsed last month following a shareholder revolt. Tucker, who stood down as Prudential's chief executive in October, will replace Mark Wilson in a role that will see take on his former employer for market share in the growing Asian market, reports the Telegraph. Once appointed, Tucker is likely to prepare AIA for a Hong Kong listing later this year as its parent company looks to repay some of the emergency funding it received from the US Government. The appointment will end Tucker's nine-month sabbatical from the world of business. He was succeeded at Prudential by Tidjane Thiam. AIG declined to comment.
