Ordinary Gweilo

The Prudential/AIA saga continues – last week the chairman of AIG quit, and now AIA has replaced its CEO. 

Mark Wilson was quoted by the FT as saying that he would quit if Prudential acquired AIA, though he probably knew he would have the decision made for him if the deal had gone through.   But instead of being asked to leave by Prudential he has met the same fate at the hands of AIG, who were not best pleased by his candour.

And the amusing twist is that he is being replaced by someone from Prudential – Mark Tucker, who was very successful in building Prudential’s Asian business (based in Hong Kong) before being promoted to become CEO of the parent company in 2005 (a job he left last year).