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Prudential appoints new CEO for Asia operation

UK insurance and savings giant Prudential plc has appointed Barry Stowe as chief executive of Prudential Corporation Asia.

Barry Stowe, aged 48 and currently president of Accident & Health Worldwide for AIG Life Companies, will join the UK insurance provider from the start of November this year.

Mr Stowe, who will continue to be based in Hong Kong after moving to Prudential, joined AIG in 1995. He was president and CEO of NISUS, a subsidiary of Pan-American Life, from 1992-1995. Prior to NISUS, he spent 12 years at Willis Corroon in the US.

Mark Tucker, group chief executive at the Pru, said: Barry’s background and experience mean that he is very well-suited to lead Prudential Corporation Asia to the next stage of its development. He is widely respected in the industry and across the financial community in Asia. He has a reputation for vigorously exploiting market opportunities and we are delighted to be welcoming him to the board.