Tidjane Thiam bid for AIA, the Asian wing of the crisis-stricken AIG. A public battle ensued, with some investors complaining about the $35.5 billion price Prudential was offering to pay. The bid eventually failed, after the AIG board rejected a revised lower bid. AIA was later floated on the Hong Kong Stock Exchange, and the value of the company quickly rose above Prudential’s original bid price. Thiam came under strong personal criticism following the failure of the bid, partly as a result of the costs incurred by the company in pursuing the bid. However, he was re-elected as CEO at the May
Stephen Kelly (businessman) and Reform Group in 2012 under cabinet office minister, Francis Maude. He left his role with the Government in November 2014 to join FTSE 100 multinational enterprise software company, Sage Group, where he was Sage’s first externally appointed CEO. During his time as CEO, Sage has acquired North American cloud-based financial software company Intacct in 2017 for $850m, and Fairsail, a British provider of cloud-based human resources software. In 2015, Stephen Kelly was appointed as one of six new business ambassadors to help boost the UK’s performance in international trade. On 31 August 2018, Sage Group announced that the Board