(Bloomberg) -- Prudential Plc named Barry Stowe to lead its North American operations, including Jackson National Life, after Mike Wells became global chief executive officer.

Stowe, 57, who remains on the board, was previously CEO of Prudential’s Asian division and will relocate from Hong Kong, the London-based firm said in a statement on Monday.

“Barry has played a huge role in the remarkable success of our Asian operations and I am sure that under his leadership our North American businesses will continue to strengthen,” said Wells, who became CEO on Monday.

Tony Wilkey, 55, who was head of insurance for Prudential in Asia, replaced Stowe, according to the statement.

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