Prudential Assurance Company Appoints Paul Spencer As Non-Executive Chairman

04 January 2016

The Prudential Assurance Company Limited (PAC), the UK subsidiary of Prudential plc, has appointed Paul Spencer, CBE, as Independent Non-Executive Chairman.

Paul, who has sat on the boards of some of the UK’s biggest pension funds, will bring many years of experience in financial services to the role, which he assumes with immediate effect.

Paul is also Chair of Trustees of the pension funds of BT and Rolls-Royce, and Chairman of Hermes Fund Managers Ltd, from which he will step down on 1 April 2016.

His career includes periods as Chief Executive UK at Royal & Sun Alliance, Associate Director-Treasurer at Hanson and Group Treasurer at Rolls-Royce. He has also held a number of chairmanships, including as Chairman of NS&I (National Savings) and Chair of the audit committee of WPP Group. In 2010 he was awarded a CBE for services to the financial services industry.

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