Prudential Appoints Angel Ng as Regional CEO for Greater China and Wealth Businesses

Angel Ng to Lead Prudential’s Greater China and Wealth Operations, Succeeding Lilian Ng After a Distinguished 30-Year Career

Prudential has announced the appointment of Angel Ng as the new Regional CEO for its Greater China and wealth businesses, effective October 1. This strategic move comes as Lilian Ng, the current Managing Director of Prudential’s Strategic Business Group, prepares to retire at the end of the year after a distinguished three-decade career with the company.

Transition of Leadership

Lilian Ng has been a cornerstone of Prudential’s operations in Asia. Since becoming Chief Executive of Insurance for Asia in 2015, she has played a pivotal role in steering the company’s life insurance operations across the region. In July 2022, Ng took on a more expansive role, joining the Group Executive Committee and overseeing Prudential’s operations in Greater China. Her tenure was marked by significant achievements, including the expansion of Prudential’s multi-distribution platform and transformative growth in Greater China.

In recognition of her outstanding contributions, Prudential’s CEO, Anil Wadhwani, praised Lilian Ng for her instrumental role in expanding the company’s footprint in Asia and strengthening relationships with key strategic bank partners. Wadhwani acknowledged her leadership in building a robust multi-distribution platform and driving notable growth in the Greater China region.

Angel Ng’s New Role

Angel Ng, who will succeed Lilian Ng, brings 25 years of rich experience in financial services to her new role. Her recent position at Citi involved leading all business lines within the Asia North & Australia Cluster, encompassing China, Hong Kong, Taiwan, Korea, Australia, and New Zealand. Prior to this, she managed Citi Global Wealth’s Asia operations and served as CEO for Citi Hong Kong and Macau.

Wadhwani expressed enthusiasm about Angel Ng’s appointment, citing her extensive experience in Greater China, distribution, and wealth management as key assets. He emphasized that Ng’s entrepreneurial mindset and comprehensive expertise align perfectly with Prudential’s strategic objectives. Her appointment is seen as a crucial step in fortifying Prudential’s capabilities in the Greater China markets and enhancing its wealth management operations.

Smooth Transition and Future Prospects

As part of the transition plan, Angel Ng will join Prudential’s group executive committee on October 1. Lilian Ng will remain in her current role until the end of the year to ensure a seamless handover. Following her retirement, Lilian Ng will continue to contribute as an advisor to the CEO until June 2025.

Wadhwani highlighted that Angel Ng’s appointment aligns with the business strategy unveiled in August 2023, reinforcing Prudential’s commitment to strengthening its market position and expanding its capabilities in the region.

Prudential’s strategic move underscores its dedication to maintaining strong leadership and ensuring continuity in its operations, paving the way for continued success in the Greater China and wealth management sectors.