(Bloomberg) -- Prudential Plc, the U.K.’s largest insurer by market value, appointed Penny James as chief risk officer, replacing John Foley.

James, who starts on Sept. 1, was previously director of group finance, Prudential said in a statement on Monday. Foley, who took on the role temporarily after Pierre-Olivier Bouee’s departure, retains his role as group investment director.

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