The appointment follows a recently inked strategic bancassurance partnership with Thai lender TMB Bank.
Robin Spencer has been named chief executive of Prudential’s Thailand unit, replacing former CEO Aman Chowla. In his new role, Spencer reports to Wilf Blackburn, regional CEO, insurance growth markets who in turn reports to Nic Nacandrou, CEO of Prudential Corporation Asia (PCA).
Spencer has 25 years of experience in global C-suite and other senior roles in the insurance industry. He joined PCA in 2018 as its chief operating officer and, according to a statement, «led key transformation projects across the region» with a focus on client experience.
Prudential-TMB Partnership
The British insurer signed a long-term partnership with TMB Bank last month to leverage the former’s life, health and savings solution and the latter’s 9 million-strong network of customers. It also has invested in other common interests such as joint ventures TMBAM Eastspring and Thanachart Fund Eastspring.
«Our partnership with TMB is strategically important to our business,» said Nacandrou. «It is part of our significant investments to broaden further our footprint and presence in Thailand, the second-largest life insurance market and the largest mutual fund market in ASEAN.»
Prudential currently owns 12 percent of Thailand’s mutual fund market, the statement added.
