Prudential appoints top executives at Jackson ahead of demerger

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Prudential PLC (LON:PRU) has announced a new senior leadership team for its US business, Jackson, which is set to demerge in the second quarter of 2021.

Laura Prieskorn, previously Jackson’s executive vice president and chief operating officer, has been appointed as chief executive after 31 years at the financial adviser.

READ: Prudential to raise up to US$3bn as Jackson demerger nears

She was responsible for developing Jackson’s operating platform and has been a member of its executive, investment and product committees.

Marcia Wadsten, previously senior vice president and chief actuary, will become the firm’s new chief financial officer.

During her three decades at the company she has “played a key role” in product design, pricing and risk management, Prudential said.

The leadership review was conducted by Jackson’s current owners, Prudential and Athene, which has an 11.1% interest.

Jackson will list on the New York Stock Exchange, with a focus on growing in Asia and Africa, while the extra cash will be used to increase its investor base in Asia and lower debt.

Shares in Prudential shed 0.5% to 1,289p early on Thursday.

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