Pru Life UK announces new CEO

MANILA, Philippines — Pru Life UK has announced the appointment of Sanjay Chakrabarty as its new chief executive officer effective Feb. 1, subject to regulatory approval.

“I’m delighted that we have strong talent across the Prudential Group to support our ambitious growth plans, and Sanjay will bring a wealth of industry experience to Pru Life UK,” Prudential Strategic Business Group managing director Solmaz Altin said.

“In particular, Sanjay will look to strengthen our strategic partnerships in one of Prudential’s key markets and cultivate an agency force that fulfils our mission of being our customers’ most trusted partner and protector,” Altin said.

Chakrabarty has deep knowledge of the banking and insurance sectors, having worked across multiple Asian markets for the past 26 years.

He has been with Prudential since 2014 and is currently the CEO of Prudential Cambodia, as well as Prudential’s Cambodia-Laos-Myanmar hub. In these roles, he has successfully led a cross-markets team, implementing several strategic initiatives with material impact in all three markets.

Driving innovation and growth, Chakrabarty reinstated Prudential’s Cambodia business to number one position in the market.

Chakrabarty started his career with Citibank, India, in 1997. He has also worked for Citibank in Japan and Korea between 2004 and 2014, heading several functions spanning risk and business.

At Prudential, Chakrabarty has served as CEO of Prudential Vietnam Finance Co. and as chief commercial officer at Prudential Vietnam. Before moving to Cambodia with Prudential in 2020,  Chakrabarty also spent time as deputy CEO and head of Consumer Banking at Orient Commercial Joint Stock Bank in Vietnam.

He holds a Masters degree in Statistics from the Indian Statistical Institute and enjoys reading history in his free time.

Chakrabarty will succeed the current CEO, Eng Teng Wong, who is moving back to Malaysia to spend more time with family.