Prudential will look to Asia as a source of capital and could even seek to raise equity there after it saw strong demand for a $750m (£450m) hybrid capital raising in the region this year.

Tidjane Thiam, chief executive-elect, says Prudential is seeking to diversify away from the UK

Tidjane Thiam, who takes over as chief executive of the insurer on October 1, told the Financial Times that Asia would be a good source of capital as the company continues to expand.