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UK now seen as more stable, M&G CEO says
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK now seen as more stable, M&G CEO saysAndrea Rossi, CEO of M&G Investments, weighs in on the U.K. government's efforts to woo international investment.
Persons: Andrea Rossi Organizations: G Investments
[1/3] People walk over Millennium Bridge amidst early morning fog, as the sun rises beyond the City of London financial district in the background, in London, Britain, February 8, 2023. REUTERS/Henry Nicholls/File PhotoLONDON, March 9 (Reuters) - Investors Aviva (AV.L) and M&G (MNG.L) on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors such as technology companies more support to keep London's markets competitive. Andrea Rossi, chief executive of asset manager and insurer M&G, said Britain needed to better support new companies to attract them to London's stock market. Rossi said while he was "bullish" on Britain's prospects, the country needed regulatory and political stability after a turbulent end to 2022. ($1 = 0.8408 pounds)Reporting by Iain Withers in London and Sinchita Mitra in Bengaluru, Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
M&G would be a tricky hop for kangaroo raider
  + stars: | 2023-03-02 | by ( Neil Unmack | ) www.reuters.com   time to read: +3 min
LONDON, March 2 (Reuters Breakingviews) - M&G (MNG.L) would be a tricky hop for Macquarie (MQG.AX). The $48 billion Australian financial powerhouse may bid for the $6 billion UK insurer. The appeal is likely to be in the fund management group. Macquarie’s own asset management arm accounted for over 30% of net profit in the first half of its current financial year. Follow @Unmack1 on TwitterCONTEXT NEWSAustralian banking group Macquarie is considering a bid for UK insurance and asset management group M&G, Sky News reported on March 1.
M&G names former AXA Investment Managers head as CEO
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Sept 29 (Reuters) - M&G (MNG.L) named investment veteran Andrea Rossi as its new chief executive on Thursday, putting him at the helm of one of Britain's best known fund management companies. A former head of AXA Investment Managers, Rossi will replace John Foley, who led M&G's split from parent Prudential in 2019, and who announced in April his intention to retire. Register now for FREE unlimited access to Reuters.com RegisterMost recently, Rossi served as senior adviser to Boston Consulting Group. The appointment has been approved by the Britain's financial regulators the PRA and FCA, M&G said. ($1 = 0.9282 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Andres Gonzalez, editing by Sinead Cruise and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.
LONDON, Sept 29 (Reuters) - British investment manager M&G (MNG.L) said on Thursday that Andrea Rossi, a former head of AXA Investment Managers, will take over as Chief Executive Officer of the company. Rossi will replace John Foley, who led M&G's split from parent Prudential in 2019, and who announced in April his intention to retire. Most recently, Rossi served as senior adviser to Boston Consulting Group. The appointment has been approved by the PRA and FCA, M&G said. ($1 = 0.9282 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Andres Gonzalez, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
And clearly, with the strong foundation we have, I see it as being as an opportunity for us." read moreM&G's assets under management and administration dropped 6% in the first half of 2022 to 349 billion pounds, the group reported in August, although it posted net inflows of cash from clients totaling 1.2 billion pounds over the same period. But shares have tumbled 28% since then, compared with a 10% fall in the broader FTSE 100 index. The appointment of Rossi, who will earn a base salary of 875,000 pounds plus incentives, has been approved by Britain's financial regulators the PRA and FCA, M&G said. Foley, who led M&G's split from parent Prudential in 2019, announced his intention to retire in April.
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