M&G Asset Management has appointed Joseph Pinto as chief executive.
Pinto will be in charge of all investment capabilities, including the equity, fixed income, multi asset, private and alternative asset strategies.
He has more than 30 years of experience in asset management, financial services and consulting, and joins from Natixis Investment Managers, where he was global chief operating officer.
Prior to that he worked at AXA Investment Managers for 13 years, where he was also global COO.
He will take up the role in March 2023 and will become a member of M&G’s executive committee, reporting to group chief executive Andrea Rossi.
Rossi said: “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.”
Pinto is succeeding Jonathan (Jack) Daniels who, in July 2022, announced his intention to retire following 21 years with the business.
Pinto said: “The breadth of M&G’s active asset management capabilities combined with its strong balance sheet, has long provided innovative solutions for clients. 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.”
To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews
