- Significant step in company’s international growth strategy
M&GPrudential today announces a significant investment in Asia Pacific equity fund management and research capability to meet client demand for assets in the region.
Seven investment professionals with over 50 years’ experience in developed and developing Asian markets join M&G today. Dave Perrett and Carl Vine will lead M&G’s newly created Asia Pacific team from London, while four of the team – including a portfolio manager, a dealer and two analysts - will be based in Hong Kong and Singapore, subject to local regulatory approval.
All seven new joiners previously worked together at Port Meadow Capital Management.
This represents a significant step in M&GPrudential’s strategy to invest in global locations and markets offering client development opportunities and scope for future growth.
Jack Daniels, Chief Investment Officer of M&GPrudential, says:
“Our strategy is to complement our exceptionally strong investment management capabilities in the UK with experienced investment teams in locations of strategic importance to our customers and clients.
“This addition of Asia Pacific investment resource and expertise is a great step forward in our strategy, and demonstrates our commitment to a region with exciting long-term growth opportunities.”