Prudential Plc’s Tidjane Thiam tried and failed to expand in Asia by buying AIA Group Ltd. , his first test as chief executive officer. To succeed now, he will have to beat AIA’s new CEO and his ex-boss, Mark Tucker .
American International Group Inc. , the insurer bailed out by the U.S. government, named Mark Tucker as chief executive officer of AIA Group Ltd. as it pushes ahead with plans for a Hong Kong initial public offering of its Asian life unit.
AIA Group Ltd., American International Group Inc.’s Asian division, has “little interest” in bidding for Prudential Plc’s East Asian assets, the Sunday Telegraph reported, citing Chief Executive Officer Mark Tucker.
American International Group Inc. plans to appoint former Prudential Plc Chief Executive Officer Mark Tucker to replace Mark Wilson as head of the bailed-out insurer’s main Asia unit, two people with direct knowledge of the matter said.