As at 30 June 2022, M&G had £348.9 billion ($427.9 billion) of assets under management and administration.

M&G, the investment house owned by UK-listed Prudential, has named Joseph Pinto as its asset management chief executive. He is taking over from Jonathan Daniels who said last July that he intended to retire after 21 years at the firm.

Pinto will have accountability for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies alongside distribution, operations and proposition management across the asset management business.

Pinto, who has 30 years of experience in asset management, financial services, and consulting, is joining from Natixis Investment Managers, where he served as head of distribution and investment solutions for Europe, the Middle East and Africa, Asia-Pacific and Latin America, and as global chief operating officer.

Previously at AXA Investment Managers for 13 years, Pinto held senior positions, including global chief operating officer, global head of markets and investment strategy and head of business development for South Europe and the Middle East.

Pinto will be taking up the new role – subject to regulatory approval – in March and will report to M&G’s chief executive, Andrea Rossi. 

As at 30 June 2022, M&G had £348.9 billion ($427.9 billion) of assets under management and administration.