Prudential plc has announced that Sir Douglas Flint CBE will be appointed as a non-executive director and chair-designate to succeed Shriti Vadera as chair of the board.

Flint is expected, subject to regulatory approval, to join the board in March. He will also join the nomination & governance and remuneration committees.

He spent more than two decades at HSBC, serving as group finance director from 1995 to 2010 and then as group chair from 2010 until 2017. Since 2018, he has chaired both Aberdeen Group plc and IP Group plc.

Senior independent director Jeremy Anderson led the search for a successor to Vadera. He praised her board service, expressing thanks on behalf of the company for her “leadership and vision”.

He added: “After a full search, I’m delighted Douglas will become the next chair of Prudential. He brings extensive experience leading global financial institutions, alongside deep experience in Asia, and is ideally positioned to lead the next stage of the Group’s development, taking forward the strong foundations and momentum created during Shriti’s tenure. His background and skills will be of great value as we work to bring the best of Prudential to our investors, customers, colleagues, and the communities within which we operate.”