DRYDEN WEALTH MANAGEMENT Limited APPOINTS Lord TRENCHARD TO DRYDEN’S BOARD OF DIRECTORS

London, UK - Dryden Wealth Management Limited (Dryden) announced today that Lord Trenchard has been inducted as a non-executive member to Dryden’s Board of Directors. Dryden is the international private client business of Prudential Financial, Inc. of the United States (NYSE: PRU).

"Dryden is delighted to welcome Hugh Trenchard to our board," said Carol Robbins, chairman and CEO of Dryden Wealth Management Limited. "Hugh is a highly experienced senior investment banker with global experience and expertise, especially in the Japanese financial markets. His unique and extensive background will be an enormous asset to Dryden as we work to build our wealth management business in Asia and Europe," said Robbins.

Trenchard is currently working as a senior advisor at Prudential Financial, Inc. (PFI). In addition, he is also the joint chairman of The Japan Society of London, chairman of The Dejima Fund Limited and a director of Berkeley Technology Limited. Prior to these positions, Trenchard was a director of Robert Fleming & Company Limited and head of Japanese Investment Banking from 1996 to 2000. Before his work at Fleming, he worked at Kleinwort Benson Limited from 1973 to 1996. Trenchard served as the first general manager of Kleinwort Benson’s securities branch in Tokyo from 1985 to 1988 and as president of the Japanese operations from 1988 to 1995. He has been a vice chairman of the European Business Community in Japan, a member of the Executive Committee of the British Chamber of Commerce in Japan and as a director of the Japan Securities Dealers Association.

Trenchard was a member of the House of Lords from 1987 to 1999 and returned to the House as an elected hereditary peer following a by-election held in May 2004. He served on the Joint Committee on Financial Services and Markets in 1999. Trenchard has been a vice chairman of the British-Japanese Parliamentary Group and introduced the debate on Anglo-Japanese relations at the time of the State Visit to the United Kingdom by The Emperor and Empress of Japan. He was a Trustee of the Royal Air Force Benevolent Fund from 1991 to 2003.

Dryden offers international (non-US) clients local and offshore discretionary investment management and advisory expertise, as well as private banking services through Dryden Bank SA, in Geneva, Switzerland. Dryden's experienced investment professionals have strong investment management skills and provide quality advice that goes well beyond traditional stock brokerage activities. Serving private individuals and organizations, Dryden and its affiliates have offices in Hong Kong, Monaco, the Netherlands, Singapore, Switzerland, Taiwan and the United Kingdom. The company maintains the boutique-like, personalized qualities that high net worth investors expect, delivered by local investment professionals.

PFI companies, with approximately $454 billion in total assets under management as of March 31, 2004, serve individual and institutional customers worldwide and include one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, which is headquartered in the United Kingdom.

For further information please contact:
Emily Evans-Schreiber
T: +44 (0) 20 7930 0777
F: +44 (0) 20 7925 0647
M: +44 (0) 7713260985

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development