Tidjane Thiam 2011 AGM with a 99.3 per cent vote. The company's performance since the bid appears not to have been damaged by its failure - in the first nine months of 2011, Prudential delivered a 14 per cent increase in new business profits over the same period in 2010, with total insurance sales increasing by 10 per cent, while in its full-year results for 2013, Prudential delivered an IFRS operating profit of £2.95 billion, up 17 per cent from the year before. In March 2013, the Financial Services Authority fined Prudential £30m and censured its CEO, Thiam, for failure to inform
Latitude Financial Services of the American multinational conglomerate General Electric. In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by Deutsche Bank, Kohlberg Kravis Roberts, and Värde Partners. The business was renamed Latitude Financial Services with Sean Morrissey appointed as its new CEO. Latitude Financial Services Latitude Financial Services (abbreviated Latitude Financial or Latitude) is an Australian financial services company with headquarters in Melbourne, Victoria, also doing business in New Zealand under the name Gem Finance. The company’s core business is in consumer finance through a variety of services including unsecured personal loans, credit cards, car loans,