New CEO to lead Prudential Cambodia in its mission to protect the health and wealth of Cambodians

Phnom Penh, 3 August 2020 – Prudential Cambodia has appointed Sanjay Chakrabarty, a veteran of the banking and insurance industries, as its new Chief Executive Officer (CEO), effective on 1 August 2020. Sanjay reports to Wilf Blackburn, Regional CEO, Insurance Growth Markets at Prudential Corporation Asia.  

Sanjay has more than 20 years of experience across several diverse Asian markets, including Vietnam, Japan and Korea. He joins Prudential Cambodia from Orient Commercial Joint Stock Bank in Vietnam where he was Head of Consumer Banking and Deputy CEO since July 2018.

Sanjay is no stranger to Prudential. From February 2017 to July 2018, he was Chief Commercial Officer at Prudential Vietnam where he was responsible for strategy, partnerships distribution, data analytics and corporate projects. Before that, from June 2014 to February 2017, Sanjay was CEO of Prudential Vietnam Finance Company, Prudential’s consumer finance business in Vietnam before it was sold in January 2018. Prior to joining Prudential in Vietnam, Sanjay spent close to a decade with Citibank in Japan and Korea, leading several functions including consumer banking, customer experience and risk.

Wilf said, “Cambodia is an important market for Prudential in Asia. In its short history since establishing operations in 2013, Prudential Cambodia has had several significant achievements, notably developing a business and brand from scratch, building solid partnerships with bank and business partners, as well as being the leading life insurer in the market.”

“Sanjay brings to the role significant expertise in change management and building high-performance teams, and has led successful people, product and process-focused transformation journeys over the course of his career. I am confident that under Sanjay’s leadership, Prudential Cambodia will continue to thrive as well as play a key role in the next wave of growth for Prudential in Asia,” Wilf added.

Sanjay said, “I am honoured to re-join Prudential as its new CEO in Cambodia. Together with my team, we will continue to build on our market leadership developing our people, leveraging our strong capabilities in life insurance and our broad market footprint, as well as growing our digital capabilities. As a successful purpose-led business, we are committed to delivering on our promise to help more Cambodians protect their health and wealth and get the most out of life.”

Sanjay took over the position from Stephanie Simmonet who left Prudential in June after a 15-year tenure with the company.