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Embedding Risk Management at Prudential plc


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mThink Knowledge - Posted on 14 January 1999

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Authored by: 
Steven Barlow;
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Prudential plc
Prudential is a multi-branded, multi-channel business managed through decentralised business units (rangingfrom egg, M&G and Scottish Amicable in the UK to Jackson National Life in North America and PC Asia, whichitself operates in 11 countries in Asia). For a business of Prudential’s size and complexity, a common risk languageacross the business was essential to manage risk effectively.
Prudential is a multi-branded, multi-channel business managed through decentralised business units (rangingfrom egg, M&G and Scottish Amicable in the UK to Jackson National Life in North America and PC Asia, whichitself operates in 11 countries in Asia). For a business of Prudential’s size and complexity, a common risk languageacross the business was essential to manage risk effectively.
About the Author
Title: 
Group Chief Internal Auditor
Prudential plc
Steven Barlow joined Prudential plc asGroup Chief Internal Auditor in September1999. He is focusing internal audit on thebusiness processes which manage the keybusiness risks facing the group. Steven hasworked for a number of organisations,ranging from Pearson Group, where he wasOperations Director for a major subsidiary,to Arthur Andersen where he helped leadthe London business process risk consultingteam providing risk management and inter-nalaudit services to global 1000 companies.Having qualified as a chartered accountantat PricewaterhouseCoopers, Steven alsoestablished a corporate finance team andventure capital fund at Royal Trust Bank ofCanada and was managing director ofFinancial Times Conferences.

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