Aberdeen Group chairman, Sir Douglas Flint, has been appointed chairman-designate of Prudential.
Sir Douglas, 70, will leave Edinburgh-based Aberdeen, formerly Standard Life Aberdeen, after the company’s board meeting on 28 April.
This follows his decision not to seek re-election at this year’s AGM which takes place on the following day.
He will be joining the board of Prudential in March as an independent non-executive director and will succeed Baroness Shriti Vadera as chair following the annual general meeting on 28 May. He will also sit on the nomination, governance and remuneration committees.
He will oversee the group’s ongoing transformation and focus on Asian and African markets.
Sir Douglas, whose fee will be £750,000, was formerly group chair and finance director at HSBC. As well as chairing Aberdeen Group he chairs IP Group, a role he will also leave in June.
He joined HSBC from the Big Four accounting firm KPMG, where he was a partner, and has chaired Aberdeen since 2018, during which it sold the Standard Life brand and assets to Phoenix and controversially rebranded as Abrdn. It adopted its current name last year after parting company with chief executive Stephen Bird.
Aberdeen Group is continuing its search for a new chair.
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