Prudential has announced the appointment of Angel Ng as the new Regional CEO for its Greater China, customer, and wealth businesses. Ng will succeed Lilian Ng, who is stepping down from the role. Lilian, the current Managing Director of Prudential's Strategic Business Group, has chosen to retire at the end of the year after a 30-year tenure with the company.
In 2015, Lilian was appointed Chief Executive of Insurance for Asia at Prudential, where she managed the life insurance operations and performance across the region. In July 2022, she joined the Group Executive Committee, taking charge of Prudential's businesses in Greater China and leading the group's customer and distribution strategies.
Angel brings 25 years of experience in the financial services industry to her new role. Most recently, she served at Citi, where she led all business lines within the bank’s Asia North & Australia Cluster, which included China, Hong Kong, Taiwan, Korea, Australia, and New Zealand. Prior to that, Angel was Head of Asia for Citi Global Wealth, managing Asia Private Bank and Consumer Banking, and also served as CEO for Citi Hong Kong and Macau.
“As a veteran of Prudential and the insurance industry, Lilian has a distinguished career in growing our business in Asia with outsized impact”, says Prudential’s CEO Anil Wadhwani. “She has made a significant impact on our people, our agency force, and deepened relations with strategic bank partners. She played a pivotal role in building our scaled multi-distribution platform and driving transformative growth for our businesses in Greater China. I would like to express our deep gratitude for her leadership and significant contributions to Prudential over the past decades”.
Wadhwani also expressed enthusiasm about Angel's appointment, highlighting that her "extensive experience" in Greater China, distribution, and wealth management, combined with her "entrepreneurial mindset," makes her the perfect fit to lead Prudential’s Greater China markets and drive the company’s customer and wealth businesses.
“[Angel’s] appointment is another step towards strengthening our capabilities in alignment with the business strategy unveiled in August 2023”, he adds. Lilian will remain in her current role until the end of the year to facilitate a seamless transition. She will then become an advisor to the CEO, until June 2025. Angel will join Prudential’s group executive committee from Oct 1.