Speculation is mounting that Bob Wigley might be preparing to leave Merrill Lynch after it emerged that the veteran banker is on the shortlist to become the next chairman of Prudential, The Telegraph reports.
Mr Wigley, who is chairman of Merrill Lynch in Europe, the Middle East and Africa, features among a clutch of candidates vying to replace Sir David Clementi, who is expected to step down at the annual meeting next year after six years in the chair at the insurer. The Pru had offered the role to Sir Win Bischoff when the banker was recruited as a non-executive last year but the plan had to be abandoned in December when Sir Win was appointed chairman of troubled Citigroup. BRITISH BANKS’ PROFITS are predicted to more than halve in the interim reporting season that starts on Wednesday as cr...
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