Joseph Pinto will join M&G Asset Management in March as its new chief executive officer, the international savings and investment firm said.
Pinto joins from Natixis Investment Managers and succeeds Jack Daniels who announced his retirement last summer following 21 years of service. At Natixis Pinto served as head of distribution and investment solutions for Europe, Asia and Latin America and as global chief operating Officer.
At M&G Asset Management Pinto will have accountability for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies alongside distribution, operations and proposition management across the asset management business.
Pinto will become a member of M&G’s executive committee, reporting to M&G Plc chief executive Andrea Rossi.
“Joseph brings to M&G a profound understanding of client needs and how they have evolved through changing economic conditions,” Rossi said in a statement. “He has a strong record of delivering on strategic ambitions in investment management, and I am confident his combination of commercial vision and pragmatic leadership will help transform how M&G delivers value to its clients and other stakeholders.”
“The breadth of M&G’s active asset management capabilities combined with its strong balance sheet, has long provided innovative solutions for clients,” Pinto said. “I look forward to leading their respected investment teams to drive M&G’s international growth and sustainability agenda, while providing excellent outcomes for clients.”
Before Natixis Pinto was at AXA Investment Managers for 13 years, Joseph held senior positions, including Global Chief Operating Officer, Global Head of Markets & Investment Strategy and Head of Business Development for South Europe and the Middle East.
His appointment is subject to regulatory approval.