Prudential has appointed Paul Manduca as chairman, succeeding Harvey McGrath in the £600,000 post.
Following his appointment, Manduca will step down from his role as chairman of Aon UK.
He founded Threadneedle Asset Management in 1994, as well as serving as CEO of Rothschild Asset Management and Deutsche Asset Management.
Manduca said Prudential "is a renowned financial institution with a track record of strong delivery".
"The company has generated significant returns for shareholders under the leadership of Tidjane Thiam, in spite of significant macroeconomic headwinds," he said.
"I am truly excited about the future and am looking forward to working with Tidjane to lead Prudential towards continued commercial and financial success."
Manduca has been an independent non-executive director of Prudential since October 2010, becoming a senior independent director in January 2011. He will take up his new role on 2 July.
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