Barry Stowe was today announced as the Chief Executive of Prudential Corporation Asia. Stowe is currently the President for Accident & Health Worldwide for AIG Life Companies. He will take up his position on the Prudential Board on 1st November 2006.

Barry joined AIG in 1995, he was previously President and CEO of NISUS, a subsidiary of Pan-American Life, from 1992 to 1995. Before that Barry was at Willis Corroon in America for 12 years.

In a statement Mark Tucker, Group Chief Executive, Prudential Plc, 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. I look forward to the strong contribution to the Group's continued success in Asia that I know he will make.

Barry Stowe said in the statement: I am really delighted to be joining Prudential at this exciting time in the Group's development, and I look forward to working with the Board and the management team. Prudential is a leading brand in Asia and my challenge is to drive the regional business forward, ensuring profitable growth across all our markets.