Mike Wells (businessman) 20 years in a variety of senior positions at Jackson. He was appointed as Jackson's CEO in January 2011, at which time he also joined the board of Prudential, Jackson's UK-based parent company. During Wells's four-year tenure as CEO of Jackson, it became the largest seller of variable annuities in the US. In June 2015, Wells succeeded Tidjane Thiam (who left to become CEO of Credit Suisse), on a pay package worth up to £7.5 million. In March 2016, he announced Prudential's first full-year results since taking over as CEO, showing that the group made operating profits of £4billion in
Financial services in China Financial services in China Financial services in China refers to the services provided in China by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. The China Securities Regulatory Commission (CSRC) has required since 2004 that newly appointed CEOs, deputy CEOs, and heads of supervisory boards at locally incorporated securities firms all pass a Chinese language ability examination in order to take up their posts. In 2007, for example, Goldman Sachs partner Richard Ong was denied permission to take the job of CEO at Beijing joint venture Goldman Sachs