AIA chief threatens to quit after Pru deal

AIA's chief executive has told friends and industry executives he would quit if the UK's Prudential succeeded in its $35.5bn (£24.6bn) takeover of group's Asian arm.

Mark Wilson said he would step down once the deal closed because the proposed combination of the two Asian businesses was "unworkable", the Financial Times reports. Hong Kong-based Wilson joined AIA from Axa in 2006 and boasts more than a decade of senior management experience in the Asian insurance industry. One person close to the matter reportedly said: "Mark remains loyal to AIA, but doesn't plan to stay with the merged group because he feels it is a disaster waiting to happen. "Many colleagues feel the same way." In London, Prudential shares opened 21p lower to 509.00p, dow...