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    Kailesh Mistry

    Research Analyst at HSBC

    Kailesh Mistry is the Global Head of Digital Finance Equity Research at HSBC, specializing in the coverage of digital finance and fintech companies with a particular focus on the evolving landscape of financial technology. He covers notable firms including Zurich Insurance Group Ltd and provides sector-leading insights that contribute to HSBC's highly regarded global research, though specific performance metrics such as success rates and TipRanks rankings are not publicly disclosed. Mistry’s career has been rooted at HSBC, where he has progressively advanced to his current leadership position, with no verified record of prior experience at other financial institutions. He holds recognized securities research credentials expected of senior HSBC analysts, regularly participates in industry events, and is noted for his thought leadership in digital finance.

    Kailesh Mistry's questions to PRUDENTIAL (PUK) leadership

    Kailesh Mistry's questions to PRUDENTIAL (PUK) leadership • Q1 2023

    Question

    Asked for technical details on the accounting for the $1 billion investment, specifics of the technology investment program, and a breakdown of CSM variances.

    Answer

    The CFO detailed the investment timing ($150M in '23, $300M in '24/'25) and how it flows through IFRS 17 (about 1/3 to 1/2 as a variance, the rest unlocking the CSM). The technology investment will focus on creating common, reusable applications across markets, improving data linkage, and using AI to support the customer, distribution, and health pillars. The CSM variance included a negative operating variance of ~$90M (from investments and medical reimbursement claims) and a positive economic variance of $300-400M.

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