Alex Jeffrey is to replace Martin Moore when he steps down from his role as chief executive of PRUPIM in July.
The appointment of private equity fund manager MGPA’s global chief investment officer comes more than a year after Moore said he wanted to retire from the role he has held for 15 years in 2012.
When Jeffrey joins the firm he will also take a seat on the board of PRUPIM’s parent, M&G Investments and report to Michael McLintock, M&G’s chief executive.
Moore will then become chairman of the real estate business, which manages retail and life fund money invested in the UK in mainly core strategies.
Jeffrey is making a return to the UK fund management sector, having been based in Singapore with MGPA, which focuses on pan-European and Asian value-added funds for international investors.
Prior to joining MGPA, he worked in a series of senior investment management and corporate finance roles for Lend Lease Corporation, JP Morgan and HSBC.
The move is a further signal that PRUPIM, which is the UK’s second-largest manager with £13bn of domestic assets under management, behind Aviva on almost £20bn as at June 2011, will have an increasing focus on the Asian markets.
At Macquarie-owned MGPA, Jeffrey’s duties will be split between Tom Lee, who will move from being chief financial officer to become chief operating officer, and Simon Treacy, who will take on Jeffrey’s capital markets responsibilities.
Current chief operating officer Neil Jones will take on a new role as head of group business development.
