Threadneedle founding CEO Manduca to take top job at Pru - reports

Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search, replacing Harvey McGrath, the Telegraph reports.

Manduca is the former chief executive of Rothschild Asset Management and founding CEO of Threadneedle. He was also European CEO of Deutsche Asset Management, and was previously a director of Eagle Star and Allied Dunbar. It is understood his name has been passed to the Financial Services Authority (FSA) in recent days as part of the vetting process. The report said the FSA had to establish if Manduca had the 'appropriate skills' to take over one of the UK's largest and most complex insurance firms, as well as its fund management business M&G. It is thought Prudential will announce...