Prudential has appointed Lord Adair Turner, the former chairman of the Financial Services Authority, as a non-executive director.

The financial watchdog fined Prudential £30m and censured its former chief executive Tidjane Thiam two years ago after failing to tell the regulator about its attempted takeover of rival AIA in 2010.

The FSA was closed at the end of March 2013 and replaced by the Financial Conduct Authority.

Prudential chairman Paul Manduca said: "Lord Turner (of Ecchinswell)'s distinguished career has given him considerable expertise in global financial services, particularly in regulation and risk management."

Prudential also appointed Scottish accountant David Law, previously of PwC, as a non-executive director.