M&G Asset Management announces next CEO

M&G has announced the appointment of Joseph Pinto as chief executive officer of asset management.

Pinto will be responsible for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies alongside distribution, operations and proposition management across M&G’s asset management business.

He joins from Natixis Investment Managers where he has served as a head of distribution and investment solutions for EMEA, APAC and LATAM, as well as global chief operating officer. He has also worked at AXA Investment Managers for 13 years, holding senior positions including global chief operating officer, global heads of markets and investment strategy and head of business development for south Europe and the Middle East.

Bringing 30 years experience in asset management, Pinto will join M&G in March 2023 and become a member its executive committee, reporting to group chief executive Andrea Rossi. He succeeds Jonathon (Jack) Daniels who will retire after 21 years with the business.

The appointment is subject to regulatory approval.

Andrea Rossi, Group Chief Executive, M&G plc said: “M&G’s purpose is to help people manage and grow their savings and investments responsibly.  Joseph brings to M&G a profound understanding of client needs and how they have evolved through changing economic conditions.  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.”