– UK, London – M&G plc (LON: MNG), the leading international savings and investment business, today announced the appointment of Andrea Rossi to its Board as its next Chief Executive, effective on 10 October 2022, succeeding John Foley who will step down as CEO and Executive Director.
“We are delighted to announce the appointment of Andrea Rossi as CEO of M&G. His deep experience in both global asset management and insurance is an ideal fit for M&G. He is an inspiring and proven leader with a strong track record of delivering profitable growth and outstanding client outcomes.” said Board Chair, Edward Braham.
About Andrea Rossi
Andrea Rossi has a 22-year track record in the global insurance and asset management sectors, mainly through his time at AXA Group. He was CEO of AXA Investment Managers and a member of the Group Executive Committee of AXA Group for six years. Andrea also held senior roles in AXA’s insurance business across Europe and internationally. Under his leadership of AXA Investment Managers, assets under management increased by 55% to €800bn, and AUM from external clients more than doubled. This growth was driven by a clear focus on systematically identifying and addressing client needs and through a transformation of underlying systems and processes.
Most recently, Andrea has been a senior adviser to Boston Consulting Group. He will step down from this role following his appointment at M&G. He is also the co-founder of REsustain, a firm focused on reducing the carbon intensity of commercial property, where he will remain as a Non-Executive Director.
Andrea Rossi said: “I have long admired M&G given its history, excellent investment strategies, and savings solutions. I am honoured to have been selected as its next CEO and look forward to driving growth in the business while at the same time improving its efficiency to better serve client needs. There is an excellent team at M&G and I’m excited at the prospect of working with them to take the business forward.”
About M&G plc
M&G plc is an international savings and investments business, managing money for around 5 million retail customers and over 800 institutional clients in 28 markets. As of 30 June 2022, we had £348.9 billion of assets under management and administration. We aim to help people responsibly manage and grow their savings and investments.
With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our savings and insurance customers under the Prudential brand in the UK and Europe, and under the M&G Investments brand for asset management clients globally.
For more information: https://www.mandgplc.com/
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