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Governance|Boardofdirectors

Chairman

HarveyMcGrath ChairmanandChairmanoftheNominationCommitteeHarveyMcGrathwasappointedasanindependentnon-executivedirectorofPrudentialinSeptember2008andbecametheChairmanandChairmanoftheNominationCommitteeinJanuary2009.Harveyhasalonganddistinguishedcareerintheinternationalfinancialservicesindustry,havingstartedhiscareeratChaseManhattanBankinLondonandNewYork.From1980to2007heworkedfortheManGroup,firstasTreasurer,thenFinanceDirector,thenPresidentofManInc.inNewYorkbeforebeingappointedasChiefExecutiveofManGroupplcinLondonin1990andthenChairmanin2000.HeleftManGroupin2007.

HarveyisalsoChairmanoftheLondonDevelopmentAgencywhichworksfortheMayorofLondoncoordinatingeconomicdevelopmentandregenerationacrossLondon.HeistheformerChairmanofbothLondon

FirstandtheEastLondonBusinessAllianceandformerViceChairmanoftheLondonSkillsandEmploymentBoardfrom2006to2011.InJuly2011,Harveywasappointedasco-chairofthenewBoardoftheLondonEnterprisePartnership(LEP).

HarveyisChairmanofGovernorsofBirkbeckCollegeandtrusteeofanumberofcharities.TheseincludeNewPhilanthropyCapital,aresearchbasedcharitywhichgivesadviceandguidancetodonorsandcharities;theRoyalAnniversaryTrust,whichoperatestheQueen’sAnniversaryPrizesforHigherandFurtherEducation;ChildrenandFamiliesAcrossBorders(CFAB),whichprotectstherightsandwelfareofchildrenandvulnerableadultsacrossborders;icould,anonlinecareersresource;andthePrince’sTeachingInstitute,whichpromotessubjectbasedprofessionaldevelopmentforteachers.HarveywillretirefromtheBoardin2012onceasuccessorhasbeenfound.Age60.

GroupChiefExecutive

TidjaneThiam GroupChiefExecutiveTidjaneThiamhasbeenanexecutivedirectorofPrudentialsince25March2008.HewastheChiefFinancialOfficeruntil30September2009andbecameGroupChiefExecutivewitheffectfrom1October2009.

TidjanewaspreviouslyGroupExecutiveDirectorandChiefExecutiveOfficer,EuropeatAvivawhereheworkedfrom2002to2008andheldsuccessivelythepositionsofGroupStrategyandDevelopmentDirectorandManagingDirector,AvivaInternational.TidjanespentthefirstpartofhisprofessionalcareerwithMcKinsey&CompanyinParisandNewYork,servinginsurancecompaniesandbanks.HethenspentanumberofyearsinAfricawherehewasChiefExecutiveandlaterChairmanoftheNationalBureauforTechnicalStudiesandDevelopmentinCoted’IvoireandacabinetmemberasSecretaryofPlanningandDevelopment.TidjanereturnedtoFrancetobecomeapartnerwithMcKinsey

&CompanyandoneoftheleadersoftheirFinancialInstitutionspracticebeforejoiningAvivain2002.

Tidjanewasanon-executivedirectorofArkemainFranceuntilNovember2009.HeisamemberoftheBoardoftheAssociationofBritishInsurers(ABI)andamemberoftheCounciloftheOverseasDevelopmentInstitute(ODI)inLondon.TidjaneisamemberoftheAfricaProgressPanelchairedbyKofiAnnanandasponsorofOpportunityInternational.InJanuary2011,hewasappointedtochairtheG20HighLevelPanelforInfrastructureInvestment,whichreportedtotheG20LeadersattheG20SummitinCannesinNovember2011.TidjaneisamemberoftheUK-ASEANBusinessCouncilandoftheStrategicAdvisoryGrouponUKTradeandInvestment.InJanuary2012,TidjanewasappointedtothePrimeMinister’sBusinessAdvisoryGroup.TidjanewasawardedtheLégiond’HonneurbytheFrenchPresidentinJuly2011.Age49.

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ExecutiveDirectors

NicolaosNicandrouACAChiefFinancialOfficerNicNicandrouhasbeenanexecutivedirectorofPrudentialandChiefFinancialOfficersinceOctober2009.BeforejoiningPrudential,heworkedatAviva,whereheheldanumberofseniorfinanceroles,includingNorwichUnionLifeFinanceDirectorandBoardMember,AvivaGroupFinancialControlDirector,AvivaGroupFinancialManagementandReportingDirectorandCGNUGroupFinancialReportingDirector.NicstartedhiscareeratPriceWaterhouseCoopers

whereheworkedinbothLondonandParis.Age46.

RobertDeveyExecutiveDirectorRobDeveyhasbeenanexecutivedirectorofPrudentialandChiefExecutive,PrudentialUKandEuropesinceNovember2009.RobjoinedPrudentialfromLloydsBankingGroupwhereheworkedfrom2002inanumberofseniorleadershiprolesacrossinsuranceandretailbanking.PriortojoiningLloydsBankingGroupRobwasaconsultantwiththeBostonConsultingGroup(BCG)inthe

UK,USandEurope.RobchairstheLondonLeadershipTeamofBusinessinTheCommunityandisalsoatrusteeoftheLloydsTSBFoundationforEnglandandWales.Age43.

JohnFoleyExecutiveDirectorJohnFoleyhasbeenanexecutivedirectorofPrudentialandGroupChiefRiskOfficersinceJanuary2011.HejoinedPrudentialasDeputyGroupTreasurerin2000beforebeingappointedManagingDirector,PrudentialCapital(formerlyPrudentialFinance(UK))

andGroupTreasurerin2001.HewasappointedChiefExecutiveofPrudentialCapitalandtotheGroupExecutiveCommitteein2007.PriortojoiningPrudential,JohnspentthreeyearswithNationalAustraliaBankasGeneralManager,GlobalCapitalMarkets.JohnbeganhiscareeratHillSamuel&CoLimitedwhere,overa20yearperiod,heworkedineverydivisionofthebank,culminatinginseniorrolesinrisk,capitalmarketsandtreasuryofthecombinedTSBandHillSamuelBank.Age55.

MichaelMcLintockExecutiveDirectorMichaelMcLintockhasbeenanexecutivedirectorofPrudentialsinceSeptember2000.HeisalsoChiefExecutiveofM&G,apositionheheldatthetimeofM&G’sacquisitionbyPrudentialin1999.MichaeljoinedM&Gin1992.HepreviouslyalsoservedontheboardofCloseBrothersGroupplcasanon-executivedirectorfrom2001to2008.SinceOctober2008,hehasbeenaTrusteeoftheGrosvenorEstateandwasappointedasanon-executivedirectorofGrosvenorGroupLimitedinMarch2012.HehasalsobeenamemberoftheFinanceCommitteeoftheMCCsinceOctober2005.Age50.

BarryStowe ExecutiveDirectorBarryStowehasbeenanexecutivedirectorofPrudentialsinceNovember2006,andChiefExecutive,PrudentialCorporationAsiasinceOctober2006.HehasbeenamemberoftheBoardofVisitorsofLipscombUniversitysinceMay2009andwasadirectoroftheLifeInsuranceMarketingResearchAssociation(LIMRA)andtheLifeOfficeManagementAssociation(LOMA)fromOctober2008toOctober2011.Previously,BarrywasPresident,Accident&HealthWorldwideforAIGLifeCompanies.HejoinedAIGin1995,andpriortothatwasPresidentandCEOofNisus,asubsidiaryofPan-AmericanLife,from1992to1995.BeforejoiningNisus,Barryspent12yearsatWillisCorroonintheUS.Age54.

MichaelWells ExecutiveDirectorMikeWellshasbeenanexecutivedirectorofPrudentialsinceJanuary2011whenhesucceededClarkManningasPresidentandCEOofJacksonNationalLifeInsuranceCompany.MikehasservedinavarietyofseniorandstrategicpositionsatJacksonoverthelast15years,includingPresidentofJacksonNationalLifeDistributors.MikehasbeenViceChairmanandChiefOperatingOfficerofJacksonforthelastnineyears.DuringthisperiodhehasledthedevelopmentofJackson’svariableannuitybusinessandbeenresponsibleforIT,strategy,operations,communications,distributions,Curianandtheretailbrokerdealers.Age51.

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1 Harvey McGrath2 Tidjane Thiam3 Nicolaos Nicandrou ACA4 Robert Devey5 John Foley6 Michael McLintock7 Barry Stowe8 Michael Wells

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Board of directors

KekiDadisethFCAIndependentnon-executivedirectorandmemberoftheRemunerationCommitteeKekiDadisethhasbeenanindependentnon-executivedirectorofPrudentialsinceApril2005.HeisamemberoftheRemunerationCommitteeandwasamemberoftheAuditCommitteefrom2005to2007.During2006,hewasappointedasanon-executivedirectorofICICIPrudentialLifeAssuranceCompanyLimitedandICICIPrudentialTrustLimited.KekiisalsoadirectorofBritanniaIndustriesLimited,PiramalHealthcareLimited,SiemensLimited,TheIndianHotelsCompanyLimitedandGodrejPropertiesLimited,allofwhicharequotedontheBombayStockExchange.Inaddition,heactsasadvisertoGoldmanSachs,Fleishman-HillardIncandChairmanofMarsh&McLennanCompaniesGroup,India.HeisChairmanoftheBreachCandyHospitalTrustandatrusteeforanumberofIndiancharities.Kekiisthenon-executiveChairmanofOmnicomIndiaMarketingAdvisoryServicesPrivateLimited,anunquotedIndiancompany,andisalsoaboardmemberofvariousotherunquotedIndiancompanies.HeservesasChairmanofSonyIndiaPvtLtdandSeniorAdvisortoSonyGroupinIndia.

BeforeheretiredfromUnileverin2005,KekiwasDirector,HomeandPersonalCare,responsiblefortheHPCbusinessofUnileverworldwide,aBoardmemberofUnileverPLCandUnileverN.V.,andamemberofUnilever’sExecutiveCommittee.HejoinedHindustanLeverLtdinIndiain1973andin1987,hejoinedtheBoardofHindustan

LeverandbecameChairmanin1996.Age66.

SirHowardDaviesIndependentnon-executivedirector,ChairmanoftheRiskCommitteeandmemberoftheAuditCommitteeSirHowardhasbeenanindependentnon-executivedirectorofPrudentialandChairmanoftheRiskCommitteesinceOctober2010.HejoinedtheAuditCommitteeinNovember2010.SirHowardwastheDirectoroftheLondonSchoolofEconomicsandPoliticalScience(LSE)fromSeptember2003toApril2011.PriortojoiningtheLSE,hewasChairmanoftheFinancialServicesAuthority,theUK’sfinancialregulator.HeisaProfessorattheInstitutd’ÉtudesPolitiques(SciencesPo),adirectorofMorganStanleyInc,anexternaladvisertotheGovernmentInvestmentCorporationofSingaporeandamemberoftheInternationalAdvisoryBoardoftheChinaBankingRegulatoryCommission.Age61.

MichaelGarrettIndependentnon-executivedirectorandmemberoftheRemunerationCommitteeMichaelGarretthasbeenanindependentnon-executivedirectorofPrudentialandamemberoftheRemunerationCommitteesinceSeptember2004.HeworkedforNestléfrom1961,becomingHeadofJapanfrom1990to1993,andthenZoneDirectorandMemberoftheExecutiveBoard,responsibleforAsiaandOceania.In1996hisresponsibilitieswereexpandedtoincludeAfricaandtheMiddleEast.MichaelretiredasExecutiveVicePresidentofNestléin2005.

HeservedtheGovernmentofAustraliaasChairmanoftheFoodIndustryCouncilandasaMemberoftheIndustryCouncilofAustralia,andwasalsoamemberoftheAdvisoryCommitteeforanAPEC(Asia-PacificEconomicCooperation)FoodSystem,aMemberofTheTurkishPrimeMinister’sAdvisoryGroupandtheWTO(WorldTradeOrganization)BusinessAdvisoryCouncilinSwitzerland.

MichaelremainsadirectorofNestléinIndia,andwasappointedChairmanoftheEvianGroup,athinktankandforumfordialoguepromotingfreetrade,from2001to2011.Healsoservesasanon-executivedirectorontheBoardsoftheBobstGroupinSwitzerland,HasbroInc.intheUSA,andGottexFundManagementHoldingsLimitedinGuernsey.Inaddition,heisaMemberoftheSwazilandInternationalBusinessAdvisoryPanelundertheauspicesoftheGlobalLeadershipFoundation(GLF)London,aswellasbeingamemberoftheDevelopmentCommitteeoftheInternationalBusinessLeadersForum(IBLF)untilsteppingdownin2011.Age69.

AnnGodbehereFCGA Independentnon-executivedirector,ChairmanoftheAuditCommitteeandmemberoftheRiskCommitteeAnnGodbeherehasbeenanindependentnon-executivedirectorofPrudentialsinceAugust2007.ShehasbeenamemberoftheAuditCommitteesinceOctober2007,becomingitsChairmaninOctober2009,andjoinedtheRiskCommitteeinNovember2010.Annbeganher

Non-ExecutiveDirectors

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9 Keki Dadiseth FCA10 Sir Howard Davies11 Michael Garrett

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careerin1976withSunLifeofCanada,joiningMercantile&GeneralReinsuranceGroupin1981,wheresheheldanumberofmanagementrolesrisingtoSeniorVicePresidentandControllerforlifeandhealthandproperty/casualtybusinessesinNorthAmericain1995.In1996SwissReacquiredMercantile&GeneralReinsuranceGroupandAnnbecameChiefFinancialOfficerofSwissReLife&Health,NorthAmerica.In1997shewasmadeChiefExecutiveOfficerofSwissReLife&Health,Canada.ShemovedtoLondonasChiefFinancialOfficerofSwissReLife&HealthDivisionin1998andjoinedtheProperty&CasualtyBusinessGroup,basedoutofZurich,asChiefFinancialOfficeronitsestablishmentin2001.From2003untilFebruary2007,AnnwasChiefFinancialOfficeroftheSwissReGroup.

Annisalsoanon-executivedirectorofRioTintoplc,RioTintoLimited,UBSAG,ArielHoldingsLimited,AtriumUnderwritingGroupLimitedandAtriumUnderwritersLimited.Fromitsnationalisationin2008untilJanuary2009,AnnwasInterimChiefFinancialOfficerandExecutiveDirectorofNorthernRock.AnnjoinedtheBoardofBritishAmericanTobaccoplcinOctober2011asanon-executivedirector.Age56.

Alexander(Alistair)JohnstonCMGFCA Independentnon-executivedirectorandmemberoftheAuditCommitteeAlistairJohnstonhasbeenanindependentnon-executivedirectorofPrudentialandamemberoftheAuditCommitteesinceJanuary2012.

AlistairwasapartnerofKPMGfrom1986to2010.HejoinedKPMG(thenPeatMarwickMitchell)in1973andheldanumberofseniorleadershippositions.TheseincludedViceChairmanofUKFinancialServicesandHeadofUKInsurancePractice,InternationalManagingPartner–GlobalMarketsandUKViceChairman.LatterlyheservedasaGlobalViceChairmanofthefirmfrom2007to2010.

Alistairactedasanon-executivedirectoroftheForeign&CommonwealthOfficefrom2005to2010andchairedtheauditcommitteeuntil2009.HewasanAssociationMemberofBUPAuntilJanuary2012.AlistairisamemberoftheStrategyandDevelopmentBoardandaVisitingProfessoratCassBusinessSchool.InFebruary2012AlistairwasappointedasaTrusteeoftheDesignMuseuminLondon.Age59.

PaulManducaSeniorindependentnon-executivedirectorandmemberoftheAudit,RemunerationandNominationCommitteesPaulManducahasbeenanindependentnon-executivedirectorofPrudentialsinceOctober2010andsucceededJamesRossastheBoard’sSeniorIndependentDirectorinJanuary2011.HejoinedtheAuditandRemunerationCommitteesinNovember2010andbecameamemberoftheNominationCommitteeinJanuary2011.

Paulwasappointedasanon-executivedirectorofWmMorrisonSupermarketsPlc(Morrisons)inSeptember2005.HewastheSeniorIndependent

Director,amemberoftheNominationCommitteeandChairmanoftheRemunerationCommitteeofMorrisons.HepreviouslychairedtheAuditCommitteeandsteppeddownfromtheBoardofMorrisonsinMarch2011.HeisalsoChairmanofAonLimited,anon-executivedirectorandChairmanoftheAuditCommitteeofKazmunaiGasExploration&ProductionPlc,ChairmanofHendersonDiversifiedIncomeLimitedandChairmanofJPMEuropeanSmallerCompaniesInvestmentTrustPlc.PaulwasadirectorofDevelopmentSecuritiesplcuntilMarch2010,ChairmanofBridgewellGroupplcuntil2007andadirectorofHendersonSmallerCompaniesInvestmentTrustplcuntil2006.PaulwasEuropeanCEOofDeutscheAssetManagementfrom2002to2005,globalCEOofRothschildAssetManagementfrom1999to2002andfoundingCEOofThreadneedleAssetManagementLimitedfrom1994to1999whenhewasalsoadirectorofEagleStarandAlliedDunbar.PaulisamemberoftheSecuritiesInstitute.Age60.

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12 Ann Godbehere FCGA13 Alexander (Alistair) Johnston

CMG FCA14 Paul Manduca

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Board of directors

KaikhushruNargolwalaFCAIndependentnon-executivedirectorandmemberoftheRiskandRemunerationCommitteesKaiNargolwalahasbeenanindependentnon-executivedirectorofPrudentialandamemberoftheRiskandRemunerationCommitteessinceJanuary2012.UntilDecember2011hewasthenon-executiveChairmanofCreditSuisseAsiaPacific,havingjoinedCreditSuissein2008asamemberoftheExecutiveBoardandCEOoftheAsiaPacificregion.

From1998to2007,KaiworkedforStandardCharteredPLCwherehewasaGroupExecutiveDirectorresponsibleforAsiaGovernanceandRisk.HisresponsibilitiesincludeddevelopingstrategyandbusinessperformanceacrossAsia,aswellasstrategicmergerandacquisitionactivity.Priortothat,hespent19yearsatBankofAmericaandfrom1990wasbasedinAsiaasGroupExecutiveVicePresidentandHeadoftheAsiaWholesaleBankingGroup.From2004to2007,hewasanon-executivedirectoratTate&LyleplcandatVisaInternational,whereheservedontheAsiaPacificBoard.

Kaiiscurrentlyanon-executivedirectorandleadindependentdirectorofSingaporeTelecommunicationsLimited,amemberoftheBoardoftheCasinoRegulatoryAuthorityofSingaporeandamemberoftheGoverningBoardoftheDuke-NUSGraduateMedicalSchool.Age61.

KathleenO’DonovanACAIndependentnon-executivedirectorandmemberoftheAuditandNominationCommitteesKathleenO’Donovanhasbeenanindependentnon-executivedirectorofPrudentialsinceMay2003.ShehasbeenamemberoftheAuditCommitteesince2003andwasitsChairmanfromMay2006untilSeptember2009.KathleenjoinedtheNominationCommitteeinNovember2010.KathleenisalsoadirectorandChairmanoftheAuditCommitteeofTrinityMirrorplc,theSeniorIndependentDirectorandChairmanoftheAuditCommitteeofARMHoldingsplcandChairmanoftheInvensysPensionScheme.

Previously,Kathleenwasanon-executivedirectorandChairmanoftheAuditCommitteesofGreatPortlandEstatesPLC,EMIGroupplcandtheCourtoftheBankofEngland,andanon-executivedirectorofO2plc.From1991to2002,KathleenwasChiefFinancialOfficerofBTRandInvensysandpriortothatshewasapartneratErnst&Young.KathleenwillretirefromthePrudentialBoardon31March2012.Age54.

LordTurnbullKCBCVO Independentnon-executivedirector,ChairmanoftheRemunerationCommitteeandmemberoftheRiskandNominationCommitteesLordTurnbullhasbeenanindependentnon-executivedirectorofPrudentialsinceMay2006.HejoinedtheRiskCommitteeandtheRemunerationCommitteeinNovember2010,andbecameChairmanoftheRemunerationCommitteeandamemberoftheNominationCommitteeinJune2011.FromJanuary2007toNovember2010hewasamemberoftheAuditCommittee.HeenteredtheHouseofLordsasaLifePeerin2005.In2002hebecameSecretaryoftheCabinetandHeadoftheHomeCivilServiceuntilheretiredin2005.PriortothatheheldanumberofpositionsintheCivilService,includingPermanentSecretaryatHMTreasury;PermanentSecretaryattheDepartmentoftheEnvironment(laterEnvironment,TransportandtheRegions);PrivateSecretary(Economics)tothePrimeMinister;andPrincipalPrivateSecretarytoMargaretThatcherandthenJohnMajor.HejoinedHMTreasuryin1970.

LordTurnbullisChairmanofBHGlobalLimitedandanon-executivedirectorofFrontierEconomicsLimitedandTheBritishLandCompanyPLC,andwasformerlyanon-executivedirectoroftheArupGroupfrom2006to2007.Healsoworkedpart-timeasaSeniorAdvisertotheLondonpartnersofBoozandCo(UK)untilFebruary2011.Age67.

Non-ExecutiveDirectors

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15 Kaikhushru Nargolwala FCA16 Kathleen O’Donovan ACA17 Lord Turnbull KCB CVO