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AIA CHIEF IN THREAT TO QUIT IF PRU DEAL CLOSES

AIA's chief executive has told friends and industry executives that he would quit if the UK's Prudential succeeded in its $35.5bn takeover of the Asian businesses of AIG, leaving a hole at the top of the company at a critical time.

Mark Wilson has said he would step down once the deal closed because the proposed combination of the two Asian businesses was “unworkable”.

Hong Kong-based Mr Wilson, 43, joined AIA from Axa in 2006 and boasts more than a decade of senior management experience in the Asian insurance industry.

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