Prudential's top team has the full support of the board and the majority of big shareholders and there will be no resignations over the collapse of its $35.5bn bid for AIA, Harvey Mc-Grath, the UK insurer's chairman, has told the Financial Times.
In a defiant first interview since the board of AIG rejected a renegotiation of the deal early on Tuesday, Mr McGrath described those shareholders calling for change at the top as “outliers” and said that neither he or Tidjane Thiam, chief executive, had been at all worried about their positions.
“The board is completely behind the management team. No one has offered to resign and no one has been asked to resign,” Mr McGrath said.
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