Prudential Appoints John Foley As Chief Executive Of Prudential UK & Europe

(RTTNews) - Prudential plc (PRU.L, PUK) announced the appointment of John Foley as Chief Executive of Prudential UK & Europe and as an executive director of Prudential with immediate effect. Foley was appointed Interim Chief Executive of Prudential UK & Europe in October last year. He was previously Group Investment Director, and has worked as Group Chief Risk Officer and in senior investment and risk management positions since joining Prudential in 2000.

Separately, Prudential plc said the Group is continuing to make good progress towards its 2017 financial objectives that were set in December 2013. The Group also announced that Prudential's estimated Group Solvency II surplus at 30 June 2015 was 9.2 billion pounds, and the solvency ratio was 190 percent, before allowing for the 2015 interim dividend.

Mike Wells, Group Chief Executive, said: "Our Solvency II outcome confirms the strength of the Group's capital position and cash generative nature of our businesses. We remain confident that the Group will be able to continue to deliver high-quality products and services to both new and existing customers and strong, sustainable, profitable growth for our shareholders."