Prudential chief Anil Wadhwani plans to reduce reliance on Hong Kong and China

Prudential’s new chief executive Anil Wadhwani has unveiled plans to reduce the FTSE 100 insurer’s reliance on Hong Kong and China after it was hit by zero-Covid policies in its core markets. It was the first time Wadhwani, who took over the group in February, has publicly set out his vision for the company, which shed its US and European operations to focus on Asia in a turbulent restructuring that was completed in late 2021. Wadhwani vowed on Wednesday that Prudential would “do things differently”, outlining a plan to expand in India and Africa as well as its existing key markets in Hong Kong, China and south-east Asia.