--FILE--View of an advertisement of British insurer Prudential in Shanghai, China, 4 December 2017. British insurer Prudential plans to spin off its
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--FILE--View of an advertisement of British insurer Prudential in Shanghai, China, 4 December 2017. British insurer Prudential plans to spin off its UK and European business from its international operations, a move aimed at better focusing on faster growing markets such as Asia and the US. M&G Prudential, the UK and European business, will be listed on the London Stock Exchange and headed by its current chief executive John Foley. Meanwhile, Prudential will include the Asian, US and African operations and retain the listing status in London, Hong Kong, Singapore and New York. It will be led by current group chief executive Mike Wells.