Prudential plc Tidjane Thiam as CEO, on a pay package worth up to £7.5 million. In August 2017, it was announced that Prudential was to combine its asset manager, M&G, and Prudential UK & Europe to form M&G Prudential. In November 2017, Prudential announced the change in the name of its joint venture with Chinese investment company CITIC to "CITIC Prudential Life Insurance Company Limited". In March 2018, Prudential announced that it would demerge M&G Prudential from the Group. The Company has three business units: Prudential RideLondon is an annual two-day cycling festival, held for the first time in 2013. The 2017
Tidjane Thiam first Ivorian President, Félix Houphouët-Boigny, died and was replaced by Henri Konan Bédié. In April 1994, at the request of the new President, Thiam left France and McKinsey to go back to Abidjan and become the CEO of the National Bureau for Technical Studies and Development (BNETD), an infrastructure development and economic advisory body with more than 4,000 staff, reporting directly to the President and the Prime Minister. In that role, which had cabinet rank, he was also handling key negotiations with the International Monetary Fund and the World Bank. Thiam was also a key member of the Privatization Committee,