M&G

This week’s overview of transfers, appointments, promotions and other career news in the fund and asset management community in and outside Luxembourg includes updates from Crédit Mutuel Asset Management, the European Securities and Markets Authority (Esma), M&G, Schroders, Carmignac and Vistra.

This week’s overview of transfers, appointments, promotions and other career news in the international fund and asset management community includes updates from M&G, BDO, Governance.com, the Luxembourg School of Business and the Luxembourg Competition Association.

Despite efforts to streamline operations and cut costs, UK-headquartered asset management and insurance firm M&G continues to face challenges in adapting to a shifting market environment and evolving client preferences.

The amended EU proposals for a retail investment strategy have spurred asset managers to reflect on the value the offer for the money that they take, it beame clear at a Luxembourg discussion at the ALFI conference.

M&G Investments on Monday said it is launching its first European Long Term Investment Fund, known as Eltif, as part of a new 500 million euro private credit strategy. The fund will be known as M&G Corporate Credit Opportunities.

Carlo Putti (M&G Investments) pointe les perspectives attrayantes des marchés obligataires dans un contexte de normalisation de l’inflation. Le crédit et les obligations souveraines de duration plus longue sont privilégiés dans M&G (Lux) Optimal Income. 

This edition of IO Talks Luxembourg hears from the managing director at M&G in Luxembourg, Micaela Forelli, on the firm’s positioning in the European funds market, on private markets and Eltifs, on cost savings and how the firm’s redundancy programme at M&G group is affecting its Luxembourg business.

Nordea et M&G ont annoncé jeudi leur intention de supprimer des emplois parce que le secteur de la gestion d’actifs est confronté à des conditions de marché difficiles. Les deux sociétés ont une présence importante au Luxembourg. «La raison de cet ajustement est la nécessité de s’adapter à l’environnement du marché, car l’incertitude macroéconomique reste élevée et le secteur de la gestion d’actifs est confronté à une incertitude et à une volatilité importantes à moyen terme», a déclaré Nordea.

Australian financial giant Macquarie is considering a bid worth more than 5 billion pounds (5.6 billion euro) for UK-headquartered fund manager and insurer M&G, which runs its non-UK European business from Luxembourg.

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.