Prudential Financial appoints CEO for Japan operations

The current CEO will retire by the end of the year.

Prudential Financial has appointed Motofusa Hamada as the CEO of its Japan operations starting 1 January 2023.

Current CEO Mitsuo Kurashige will retire at the end of the year. However, he will stay on part-time as a director.

ALSO READ: Chicago-based crypto insurer to launch in Hong Kong and Australia

Hamada, who joined Prudential of Japan in 1992, was appointed to his previous role as president and CEO of Prudential Life Insurance Company of Japan in 2018. Upon first joining the company, he held various roles overseeing home office functions before being promoted to corporate vice president in 2004. In 2007, he was promoted to senior vice president and then to executive vice president in 2011.

As CEO of the Japan insurance operations, Hamada will oversee the company’s three life insurance businesses in Japan — Prudential Life Insurance, Gibraltar Life Insurance, and Prudential Gibraltar Financial Life Insurance. He also assumes the role of representative director, chairman and CEO of Prudential Holdings of Japan, Inc.