SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July, 2008
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
LAURENCE POUNTNEY HILL,
LONDON, EC4R 0HH, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the
registrant
in connection with Rule 12g3-2(b):
82-
Prudential and Standard Chartered
deepen
their
strategic
bancassurance partnership in
Asia
28 July 2008 (
London
) -- Prudential plc and Standard Chartered
PLC
announce
the extension
and expansion of their
successful b
ancassurance partnership
that began in 1998.
The partnership enables Prudential to market and distribute its
investment
-linked
, savings and protection insurance products to Standard
Chartered customers in
Asia
.
The new agreement
extends
the partnership to 2016.
The updated
arrangement also
broadens
the markets covered to five, expanding beyond the
original
Hong Kong
,
Singapore
and
Malaysia
to include
Japan
and
Thailand
.
Prudential and
Standard Chartered
also have separate bancassurance arrangements
covering
China
,
Korea
and
Taiwan
, bring
ing
the
total collaboration to
eight
markets across the region
.
In addition to Prudential's life insurance products, the new
agreement
includes deeper
cooperation
on
Accident & Health and Takaful Islamic insurance
products.
Commenting on the partnership,
Steve Bertamini, Standard Chartered's
Group Executive Director and CEO, Consumer Banking
said:
"The renewed partnership with Prudential and expansion of
our relationship in
Asia
underlines our commitment to providing superior financial
products to our customers."
Mark Tucker, Group Chief Executive of Prudential plc,
said:
"We are
very
pleased to broaden and deepen our relationship with Standard
Chartered Bank in
Asia
, which began ten years ago. The strength of our two brands and
our shared expertise has benefited customers throughout the region.
"
Prudential and Standard Chartered have extensive operations
in
Asia
. Standard Chartered Bank has operations in more than 20
markets across Asia Pacific. Prudential's insurance and fund management operations
span 13 markets in the region and account for over 50% of Prudential plc's new
business profits.
Prudential plc is a company incorporated and with its principal
place of business in
England
, and its affiliated companies constitute one of the world's
leading financial services groups. It provides insurance and financial services
directly and through its subsidiaries and affiliates throughout the world. It has
been in existence since 1848 and has £267 billion in assets under
management
(
as at 31 December 2007
)
.
In
Asia
, Prudential is the leading Europe-based life insurer in terms
of market coverage and number of top
three
market rankings. With over 450,000 employees and agents across
the region,
Prudential's
life insurance and asset management operations
span
13 markets covering Mainland China, Hong Kong, India,
Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand,
Vietnam and the United Arab Emirates.
Prudential's fund management business in Asia is also one of
the region's largest, managing US$74 billion in assets and holding more top five
market rankings than any other regional player (as
at
31 December 2007).
Prudential plc of the
United Kingdom
is not affiliated in any manner with Prudential
Financial, Inc., a company whose principal place of business is in the
United States of America
.
About Standard Chartered
PLC
Standard Chartered PLC, listed on both the London Stock
Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the
FTSE-100 by market capitalisation. The London-headquartered group has operated for
over 150 years in some of the world's most dynamic markets, leading the way in
Asia, Africa and the
Middle East
. Its income and the number of employees have more than doubled
over the last five years primarily as a result of organic growth and supplemented
by acquisitions.
Standard Chartered aspires to be the best international bank in
its markets through leading by example to be the right partner for its
stakeholders. The group now employs 73,000 people, representing 115 nationalities,
in more than 1,700 branches and outlets located in over 70 countries. The bank
derives more than 90 per cent of its operating income and profits from Asia, Africa
and the
Middle East
, with balanced income derived from both Wholesale and Consumer
Banking.
The group is committed to building a sustainable business over
the long term and is trusted worldwide for upholding high standards of corporate
governance, social responsibility, environmental protection and employee diversity.
For more information, please visit:
www.standardchartered.com
.
|
|
|
Jon Bunn, Group PR Director
Jon.Bunn@prudential.co.uk
|
Arijit De, Head of Media Relations
Arijit.De@standardchartered.com
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date 28 July 2008
PRUDENTIAL
PUBLIC LIMITED COMPANY
By: /s/
Jon Bunn
Director
of Public Relations