Prudential plc has announced that Lilian Ng, the Managing Director of the Strategic Business Group, will retire at the end of this year after a distinguished 30-year career with the company. Angel Ng, who previously held senior leadership positions at Citi, will step into the role of Regional CEO for Greater China, Customer, and Wealth. Starting on October 1, Angel Ng will report to CEO Anil Wadhwani and will join the Group Executive Committee, with her base located in Hong Kong.
Lilian Ng joined the Group Executive Committee in July 2022, overseeing Prudential’s operations in Greater China and spearheading the Group’s strategies for customers and distribution. Before this role, in 2015, she was named Chief Executive of Insurance for Asia, where she led the life insurance businesses and managed operational performance throughout the region.
Anil Wadhwani said: “As a veteran of Prudential and the insurance industry, Lilian has a distinguished career in growing our business in Asia with outsized impact. She has made a significant impact on our people, our agency force, and deepened relations with strategic bank partners. She played a pivotal role in building our scaled multi-distribution platform and driving transformative growth for our businesses in Greater China. I would like to express our deep gratitude for her leadership and significant contributions to Prudential over the past decades.”
Angel Ng boasts 25 years of experience in the financial services industry. Most recently, she oversaw all business operations for Citi’s Asia North & Australia Cluster, which includes China, Hong Kong, Taiwan, Korea, Australia, and New Zealand. Previously, she was Head of Asia for Citi Global Wealth, where she managed Asia Private Bank and Consumer Banking, and also served as CEO for Citi Hong Kong and Macau. In addition to her professional roles, Angel Ng is actively involved in various boards and committees within the Hong Kong community and holds adjunct professorships at the Chinese University of Hong Kong and City University of Hong Kong.
Commenting on the appointment, Anil Wadhwani said, “Angel’s deep experience in Greater China, distribution, customer and wealth management, combined with her entrepreneurial mindset, make her the ideal candidate to lead the Greater China markets, in additional to spearheading the group-wide Customer pillar and Wealth enabler. Her appointment is another step towards strengthening our capabilities in alignment with the business strategy unveiled in August 2023.”
Lilian Ng will continue in her current position until the end of the year to ensure a smooth transition. Following this period, she will take on the role of advisor to the Chief Executive Officer, serving in that capacity until June 2025.