Pru's UK chief leaves after missing out on the top job

PRUDENTIAL&rsquo;S UK and Europe chief executive Nick Prettejohn is to leave the insurance giant after being passed over for the group chief executive job.<br /><br />Prettejohn, who joined the company three and a half years ago, was seen as one of the leading contenders to succeed Mark Tucker, who will part company with Prudential in September.<br /><br />But the insurer awarded the job to finance director Tidjane Thiam, leaving Prettejohn to look elsewhere for a high profile position.<br /><br />He has been touted by some commentators as a possible successor to Sir Sandy Crombie as chief executive of Standard Life.<br /><br />In a statement, Prettejohn thanked his colleagues for &ldquo;helping drive the transformation of the business during the past three and a half years.&rdquo;<br /><br />Rob Devey, who heads Lloyds Banking Group&rsquo;s telephone and retail banking operations, will succeed Prettejohn and stands to earn &pound;550,000 a year, with a potential bonus of 160 per cent of base salary.<br /><br />The bonus will be 40 per cent deferred, but Devey will also be eligible for long-term awards worth up to 200 per cent of his basic pay.