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 elected INSEAD Alumnus of the Year by the Insead Alumnus Association. In 2009, he was nominated as one of "50 Alumni who changed the world" as part of the celebration of the 50th anniversary of INSEAD and its 38,000 graduates. He was ranked number one in both 2010 and 2011 by the annual publication the Powerlist, which ranks the 100 most influential Africans in the UK. In July 2011, Thiam was awarded the rank of Chevalier of the Légion d'honneur by the French government in recognition of his significant contribution to civil life for more than 20 years. In 2013,