Pru's Thiam to chair G20 investment panel
Tidjane Thiam, group CEO for Prudential, is to chair the G20 High Level Panel for Infrastructure Investment until the November 2011 G20 Summit.
The panel will prepare recommendations for the G20 on how to encourage and increase investment in, and financing of, infrastructure in emerging markets.
It is made up of 12 non-executive members who have been chosen for their expertise and activity in developing public/private finance partnerships.
Prudential invests in the equity and debt markets in a number of emerging economies, and it backs infrastructure projects as an attractive asset class in which to invest.
The decision to create the panel was agreed at the G20 Seoul Summit, during the Korean Presidency.
It will meet twice during the next ten months before reporting back to the Cannes Summit in November 2011.
The full panel membership will be announced in due course.
Prudential was forced to canvass support from shareholders to stave off calls for Thiam to go following his failed bid for AIA last June.
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