Prudential appoints new chairman

McGrath will join the insurer’s board as a non-executive director on 1 September, eventually succeeding Sir David Clementi at the beginning of next year. Starting his career at Chase Manhattan Bank in London and New York, McGrath worked at hedge manager Man from 1980 to 2007, spending the last seven years as chairman. Prudential group chief executive Mark Tucker says he is pleased McGrath accepted the chairman position. “He is an outstanding talent with proven leadership expertise in the complexities of the international financial services industry,” he says. “He will bring great insigh...