On Feb. 12, 2010, Prudential Plc Chief Executive Officer Tidjane Thiam offered $35.5 billion for AIA Group Ltd. in what would have been the firm’s biggest acquisition funded by the U.K.’s largest share sale. The same day he met the country’s regulator and didn’t mention the deal.
Prudential Plc shareholders Richard Buxton and Robin Geffen of Schroders Plc called on Chief Executive Officer Tidjane Thiam to quit over his failed attempt to buy American International Group Inc.’s main Asia unit, U.K. newspapers reported today.
Banks may struggle to raise funds from insurers due to a conflict between Basel III rules for lenders and Solvency II regulation for insurers, Prudential Plc Chief Executive Officer Tidjane Thiam said.
Prudential Plc Chief Executive Officer Tidjane Thiam told Sky News in an interview that U.K. taxation is “too high,” saying “lower taxation drives growth, drives employment and leads to higher revenues for the government.”