M&G Investments opens first offices in Australia
M&G Investments (M&G) has opened its first two offices in Australia, in Sydney and Melbourne, establishing an on the ground presence in one of the largest asset management markets in the Asia Pacific region.
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, 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, with more than 30 years' experience in the fund management industry, will focus on the full breadth of investment capabilities for institutional clients.
MacKinnon, with more than 30 years' real estate experience in Australia and Asia Pacific, will lead M&G real estate business in Australia. M&G has $AUS2bn as of 30 June 2019 in real estate under management in Australia and its Asia Pacific core real estate fund has 14 investments in Sydney, Melbourne and Brisbane.
