The man from the Pru, who has spent close to 25 years with the insurer, is moving on.

Mark Tucker will step down in October after four years at the helm. He has denied suggestions that he has been the victim of a boardroom rift with his successor Tidjane Thiam. He said: “This was an entirely personal decision taken by me. I have achieved what I set out to do and, having done that, I can’t think of a better time to move on.”

What next? “I think there’s at least one more big job in me.” The Treasury could soon be looking for a minister...