Prudential Financial Names Kevin Simons as Chief Auditor; Thomas Carroll to Retire

Prudential Financial reported that Kevin Simons will join the company as senior vice president and chief auditor, succeeding Thomas Carroll, who is retiring after 15 years in that position.

In its release, the company said Simons joins Prudential from the London office of Ernst and Young, where he has led the firm's internal audit and risk governance solution practices for Europe, the Middle East, India and Africa since 2012.

Simons recently worked with the UK regulators and the Chartered Institute of Internal Auditors to rewrite the standards for internal audit in financial services.

Prior to joining Ernst and Young, Simons was group head of internal audit at the Royal Bank of Scotland. He previously held assignments in audit and risk management at the London offices of Aviva, Barclays and Price Waterhouse and Co., where he was seconded for assignments to the United States and Australia.

As chief auditor, Simons will report to and is accountable to the Audit Committee of Prudential's Board of Directors.

"Kevin brings a wealth of experience in effective management of the internal audit function at global financial services firms," said Prudential Vice Chairman Mark Grier. "We welcome his valuable insight and guidance, and expect that the broad-based perspective he has gleaned from a wide range of assignments around the world will benefit Prudential greatly."

Carroll joined Prudential as chief auditor in 1999 from Banker's Trust, where he had been general auditor and senior managing director since 1996.

"In his 15 years as our chief auditor, Tom created a world-class audit function at Prudential," Grier said. "He was instrumental in supporting the demutualization of Prudential and ensuring that we manage our company in a manner consistent with what our customers and shareholders expect."

Prudential Financial, a financial services company with more than $1.1 trillion of assets under management as of March 31, has operations in the United States, Asia, Europe and Latin America.

More information and complete details:

www.news.prudential.com

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