AIA Chief Reportedly May Quit Over Prudential Deal

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MarketWatch

May 25, 2010 Tuesday 2:49 AM EST

LENGTH: 151 words

HEADLINE: AIA chief reportedly may quit over Prudential deal

BYLINE: Simon Kennedy

LONDON (MarketWatch) -- Mark Wilson, the chief executive of AIG's (aig) Asian business has told friends and industry executives that he would quit if U.K. insurer Prudential (uk:pru) (puk) succeeds with its $35.5 billion takeover plan, according to a report in the Financial Times. Wilson believes the combination of the two Asian businesses would be "unworkable," the newspaper reported, citing people familiar with the situation. The Prudential's prospectus for its rights issue said Wilson would remain chief executive of AIG's Asian business, known as AIA, after the deal, though the newspaper said Prudential would be "relatively unconcerned" if he did leave, citing a person familiar with the U.K. group. Prudential is not affiliated with the U.S. company of the same name.

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