Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
At Prudential, we offer comprehensive insurance solution and services for customers across 24 markets in Asia and Africa. We are here to partner with our customers to help them achieve their goals in life, and protect what matter most to them.
We are hiring Head of Wealth to spearhead the proposition development for our affluent and HNW/ UHNW customers, and build differentiated Wealth proposition covering wealth accumulation, wealth protection and wealth transfer. The role will be reporting to Chief Officer, Wealth and Proposition.
Job Responsibilities: - Lead the formulation of Wealth strategy and setting up Wealth team to enable the execution of the strategy in core markets; it covers targeted segments including Affluent, HNW and UHNW.
- Develop Wealth proposition and capabilities to drive the growth of affluent, HNW and UHW segments, which will bring incremental revenue to Prudential:
- Establish of Bermuda business and operating model
- Ensure competitiveness of HNW products and drive product innovation
- Build a distribution strategy that tailored to acquire HNW, which includes private banks, International Brokers
- Capitalize our network in Asia to build the across market referral to capture offshore needs
- Implement an HNW servicing model including underwriting capabilities and case management
- Create the value-added services to strengthen the value proposition such as premium financing partnership and trusts
- Collaborate with our Asset Management arm Eastspring to capitalize the opportunity
- Build the right measurement and KPI for monitoring Wealth business growth
- Maximize the commercial value by growing the market share of HNW & affluent segments and drive the acquisition of new-to-Prudential Wealth customers (affluent) or upsell from our affluent customer base.
- Provide thought-leadership to identify the white space and innovation of our wealth proposition.
- Collaborate with and orchestrate across various internal stakeholders including Distribution leads, Operation & Technology, Product heads, to drive business outcome.
Job Requirements: - Minimum 15 years of experience in Financial Institutions
- Proven track record in managing global/ regional business
- Strong business acumen and with extensive experience in manage Profit & Loss (P&L) statements
- Significant experience in insurance distribution/ product management
- Knowledge of High Net Worth (HNW) business sector is preferred
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.