M&G Investments opens two new offices in Sydney and Melbourne, Australia
M&G Investments (M&G), which invests on behalf of institutional clients across public and private assets classes, has opened two offices in Australia, in Sydney and Melbourne, to meet client demand.
To run the offices, the firm has appointed two of its senior people: Chris Andrews as head of business development, Australia, based in Melbourne; and James MacKinnon as head of Australia, real estate, based in Sydney.
William Nicoll, head of institutional fixed income at M&G, said: “We are seeing a growing demand from superannuation funds to diversify their portfolios through increasing allocations to international markets. Our existing Australian client base has traditionally sought our international public credit expertise, and now we’re seeing significant interest in European private debt and infrastructure investments, too.
“These appointments enable us to deepen our relationships with Australian institutional investors, enhance our client service and to partner with them on international opportunities.”
Andrews has more than 30 years’ experience in the fund management industry and will focus on the full breadth of investment capabilities for institutional clients in his new post.
MacKinnon has more than 30 years’ real estate experience in Australia and Asia Pacific. He will take responsibility for leading M&G real estate business in Australia. M&G has $AUS2 billion of real estate under management in Australia, while its Asia Pacific core real estate fund has 14 investments in Sydney, Melbourne and Brisbane.
Tony Brown, global head of M&G Real Estate, said: “The M&G offices in Melbourne and Sydney are a natural extension of our existing footprint in Australia. This places us closer to our existing assets and new investment opportunities in core real estate in Australia, as well as helping us to meet increasing local client demand for real estate investments in Europe and Asia.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Industrial insurer refreshes management board with talent from Zurich
R&Q subsidiaries work to be ‘MGA partners of choice’ with new and extended programs
Feature: 10 ways insurers are using insurtech to drive new business
