Prudential set to name chairman after five-month head hunt

Manduca is the former chief executive of Rothschild Asset Management. It is understood his name has been passed to the Financial Services Authority (FSA) in recent days as part of the vetting process. The report said the FSA had to establish if Manduca had the 'appropriate skills' to take over one of the UK's largest and most complex insurance firms, as well as its fund management business M&G. It is thought Prudential will announce the move, subject to regulatory approval, this week. He will take over from McGrath at some point over the summer, the report added. Manduca will step dow...