Draft:M&G Investments

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M&G Investments

Company type	Public
Traded as	LSE: https://www.londonstockexchange.com/stock/MNG/m-g-plc/company-page FTSE 100 Component: https://en.wikipedia.org/wiki/FTSE_100_Index
Industry	https://en.wikipedia.org/wiki/Investment_management
Founded	1900; 124 years ago
Founder	George Macaulay Booth: https://en.wikipedia.org/wiki/George_Macaulay_Booth
Headquarters	London (https://en.wikipedia.org/wiki/London), England, UK
Products	Asset Management: https://en.wikipedia.org/wiki/Asset_management Equities: https://en.wikipedia.org/wiki/Stock Fixed Income: https://en.wikipedia.org/wiki/Bond_market Alternative investment: https://en.wikipedia.org/wiki/Alternative_investment Real Estate: https://en.wikipedia.org/wiki/Commercial_property, https://en.wikipedia.org/wiki/M%26G_Real_Estate Sustainability products and strategies: https://en.wikipedia.org/wiki/Environmental,_social,_and_governance
Brands	responsAbility Investments AG: https://en.wikipedia.org/wiki/Responsability_investments BauMont Real Estate Capital P Capital Partners InfraCapital
Revenue	£1,008 million (2024)
Operating income	£289 million (2024)
AUM	315 billion (2024)
Number of employees	6000
Website	https://www.mandg.com/investments/professional-investor/en-lu

Overview

M&G Investments is a global asset management (https://en.wikipedia.org/wiki/Asset_management) company headquartered in London (https://en.wikipedia.org/wiki/London), England, offering a wide range of active investment strategies across public and private markets. The firm manages assets for individual (https://en.wikipedia.org/wiki/Retail_investor) and institutional (https://en.wikipedia.org/wiki/Institutional_investor) clients, including banks, pension funds (https://en.wikipedia.org/wiki/Pension_fund), insurers, sovereign wealth funds (https://en.wikipedia.org/wiki/Sovereign_wealth_fund), family offices (https://en.wikipedia.org/wiki/Family_office), charities, and advisors (https://en.wikipedia.org/wiki/Financial_adviser).

M&G Investments operates in 39 locations across 27 markets and is part of M&G plc (https://en.wikipedia.org/wiki/M%26G), an international savings and investment business seeking to give everyone real confidence to put their money to work. The company employs over 6,000 people globally. The company recently launched its “Intelligence Connected” brand proposition, which reflects its approach of leveraging a global network of investment teams to connect the dots to identify investment opportunities for clients. This strategy integrates strong research capabilities and the diverse experience and perspectives of experts across multiple asset classes.

M&G Investments is recognised for its global fixed income expertise (https://en.wikipedia.org/wiki/Fixed_income). The firm is also one of the largest private markets (https://en.wikipedia.org/wiki/Private_market_assets) investors in Europe and among leading players globally with private markets accounting for around 25% of its total assets under management. M&G has a strong heritage in equity innovation and operates a comprehensive global real estate (https://en.wikipedia.org/wiki/Commercial_property) platform, managing real estate debt and equity investments across multiple regions.

History

Pre-2000

M&G Investments traces its origins to 1870, when American engineer John George White founded J.G. White Inc., a construction company in the United States. J.G. White was involved in major infrastructure projects, including subway construction, and expanded operations to the United Kingdom around 1900, establishing offices at 9 Cloak Lane (https://en.wikipedia.org/w/index.php?title=Cloak_Lane&redirect=no), London.

Another significant figure in the company’s early history was George Booth (1877–1971) (https://en.wikipedia.org/wiki/George_Macaulay_Booth), a member of the Alfred Booth shipping family (https://en.wikipedia.org/wiki/Alfred_Booth_and_Company) and noted intellectual. During World War I, Booth served as Munitions Minister in the British war cabinet at the request of Prime Minister David Lloyd George (https://en.wikipedia.org/wiki/David_Lloyd_George). On a visit to the United States, Booth met J.G. White and subsequently acquired the UK subsidiary of J.G. White after the war.

The company was responsible for constructing several notable buildings in London, such as the Ritz (https://en.wikipedia.org/wiki/The_Ritz_Hotel,_London) and Waldorf (https://en.wikipedia.org/wiki/The_Waldorf_Hilton,_London) Hotels, and for building tramways across Britain. The financing of large public projects like tramways often required local authorities to raise capital. To facilitate this, Booth established a subsidiary called Municipal and General Securities, which would become the forerunner of M&G Investments. The practice of raising funds for public projects was common in the United States and had been pioneered by J.G. White Inc.

Inspired by the mutual fund concept developed in the United States, Booth adapted the idea for the UK market. Through the Municipal and General (“M&G”) subsidiary, later renamed White-Drummond, Booth launched the First British Unit Trust (https://en.wikipedia.org/wiki/Unit_trust) on 23 April 1931 (St George’s Day). This fund allowed investors to pool their money and invest in a fixed portfolio of 24 blue-chip companies (https://en.wikipedia.org/wiki/Blue_chip_(stock_market)) , with the portfolio remaining unchanged for 20 years. It was the first fund of its kind in Europe.

Ian Fairbairn (https://en.wikipedia.org/wiki/Ian_Fairbairn_(rower)), recruited by Booth to manage the First British Unit Trust, played a pivotal role in the development of the UK unit trust industry. Fairbairn, an Eton (https://en.wikipedia.org/wiki/Eton_College) scholar and LSE (https://en.wikipedia.org/wiki/London_School_of_Economics) graduate, advocated for encouraging thrift among small savers and enabling them to benefit directly from economic growth. He is widely regarded as the architect of M&G Investments and a key figure in the British investment industry.

In 1954, M&G Investments introduced the Thrift Plan, enabling regular monthly contributions to investment funds, a practice previously limited to wealthier individuals. The Dividend Fund was launched in 1964, pioneering income-focused investment funds in the UK.

M&G Investments’ leadership in fixed income began in the early 1990s with the launch of the Corporate Bond Fund, followed by the UK’s first High Yield Corporate Bond Fund in 1998.

In March 1999, Prudential plc (https://en.wikipedia.org/wiki/Prudential_plc) acquired M&G Investments for £1.9 billion, choosing to preserve the M&G Investments brand and its historic identity rather than rebranding.

2000 – 2020

M&G Investments significantly expanded its investment capabilities and geographic reach during this period. In 2006, the firm launched the M&G European Property and M&G Asia Property strategies, alongside the M&G Optimal Income strategy, a flexible bond fund that became one of its flagship offerings.

In the same year, M&G Investments launched the Bond Vigilantes blog, a platform to provide insights and commentary on global fixed income markets. Written by members of M&G Investments’ bond team, the blog covers topics such as interest rates, credit markets, inflation, and economic trends. It has since become a recognised source of thought leadership for investment professionals, offering analysis on market developments and policy shifts.

By 2008, M&G Investments introduced the M&G Global Dividend strategy. The following years saw continued innovation, including the launch of the M&G UK Residential Property strategy in 2013 and the M&G Global Floating Rate High Yield strategy in 2014. In 2015, M&G introduced Capital Solutions (Real Estate), further strengthening its real estate investment platform.

In 2017, Prudential plc announced the merger of M&G Investments with its UK and European operations to form a combined savings and investment division under the brand ‘M&GPrudential’.

The M&G Positive Impact strategy was launched in 2018, meaning individuals could for the first time, invest in companies that specifically aim to have a positive impact (https://en.wikipedia.org/wiki/Impact_investing) on society, as well as aiming to deliver investment returns.

A major corporate milestone occurred in October 2019, when M&G demerged from its parent company group and was listed independently on the London Stock Exchange (https://en.wikipedia.org/wiki/London_Stock_Exchange) under the new name M&G plc, marking a new chapter in its history.

2020 – Present

From 2020 onwards, M&G Investments has continued to evolve its investment platform with a strong focus on innovation, sustainability (https://en.wikipedia.org/wiki/Socially_responsible_investing), and private assets.

In 2021, the firm launched the Catalyst investment team, it’s £5 billion purpose-led, flexible strategy aimed at identifying and supporting transformative businesses.

In 2022, M&G Investments acquired responsibility (https://en.wikipedia.org/wiki/Responsability_investments), a pioneer in impact investing, expanding its sustainable investment capabilities. That year also saw the launch of an initial set of propositions across Europe aligned with the UK PruFund and of the European Living strategy across Europe.

In 2023, M&G introduced the M&G Asian Corporate Bond strategy.

In 2024 M&G Real Estate (https://en.wikipedia.org/wiki/M%26G_Real_Estate) acquired a majority stake in BauMont Real Estate Capital Limited (BauMont), a leading European investment manager.

In 2025, M&G Investments further strengthened its position in alternative investments by acquiring a majority stake in P Capital Partners (PCP), a leading European private credit (https://en.wikipedia.org/wiki/Private_credit) business, reflecting its commitment to long-term value creation and diversification (https://en.wikipedia.org/wiki/Diversification_(finance).

Acquisitions

responsAbility Investments AG (2022) (https://en.wikipedia.org/wiki/Responsability_investments) M&G (https://en.wikipedia.org/wiki/M%26G) completed the 100% acquisition of the Zurich-based impact investing specialist in May 2022.

BauMont Real Estate Capital (2024). In November 2024, M&G (https://en.wikipedia.org/wiki/M%26G) acquired a 65% stake in BauMont Real Estate Capital, a leading European investment manager for value added real estate propositions .

P Capital Partners (2025). M&G (https://en.wikipedia.org/wiki/M%26G) agreed to acquire 70% of P Capital Partners, a Stockholm-based leading European private credit business in February 2025.

Key people

* Andrea Rossi, Group CEO, M&G plc

(https://en.wikipedia.org/wiki/M%26G) 

Andrea Rossi was appointed Group Chief Executive in October 2022. He has over 25 years in experience in financial services. He was CEO of AXA Investment management (https://en.wikipedia.org/wiki/Axa_Investment_Managers) for six years and CEO of their Italian Insurance business, a position he held for five years.

Andrea graduated from INSEAD with an MBA in 1994, and holds a MSc in Economics and Commerce from the University of Rome, “La Sapienza” (https://en.wikipedia.org/wiki/Sapienza_University_of_Rome) .

* Joseph Pinto, Asset Management CEO, M&G Investments

Joseph Pinto joined M&G Investments in March 2023, succeeding Jonathan (Jack) Daniels, who announced his intention to retire in July 2022.

Joseph has over 30 years of experience in asset management, financial services and consulting, joining M&G from Natixis Investment Managers where held the position of Head of Distribution and Investment Solutions for EMEA, APAC and LATAM and Global Chief Operating Officer.

* Fabiana Fedeli, CIO Equities, Multi-Asset and Sustainability

On the 5th of July in 2021, Fabiana Fedeli was appointed Chief Investment Officer for M&G Investments. Fabiana has over 20 years of experience in the asset management industry, joining from Robeco Asset Management (https://en.wikipedia.org/wiki/Robeco) where she was Global Head of Fundamental Equities. In October 2025, Fabiana was named one of the Top 100 Most Influential Women in European Finance by Financial News.

* Andrew Chorlton, CIO Public Fixed Income

Andrew Chorlton was appointed Chief Investment Officer of the Fixed Income division following the departure of Jim Leaviss in 2024. Before joining M&G Investments, Andrew held the position of Head of Fixed Income at Schroders (https://en.wikipedia.org/wiki/Schroders) and member of the firm’s Group Management Committee. He has more than 25 years of experience in fixed income markets managing teams of experienced, high performing fund managers.

* Emmanual Deblanc, Private Markets

On the 14th of March 2024, Emmanual Deblanc joined M&G Investments as Chief Investment Officer to lead its Private Markets business. He has more than 25 years of experience, most recently at Allianz Global Investors (https://en.wikipedia.org/wiki/Allianz) . Prior to this, Emmanual spent nine years at BNP Paribas (https://en.wikipedia.org/wiki/BNP_Paribas) where he held the position of Co-head of its debt advisory and financing team.

* George Booth – Founder, M&G Investments

(https://en.wikipedia.org/wiki/George_Macaulay_Booth)

* Ian Fairbairn – First Fund Manager, M&G Investments

(https://en.wikipedia.org/wiki/Ian_Fairbairn_(rower))

Sponsorships

Padel

In 2025, M&G Investments launched the ‘1931 Padel Club’, a sponsorship initiative aimed at strengthening relationships with clients and charitable partners through the fast-growing sport of padel (https://en.wikipedia.org/wiki/Padel). Named after the year M&G Investments introduced Europe’s first mutual fund, the club reflects the company's emphasis on partnership, strategy, and connection – values shared by padel’s social and doubles-based gameplay. M&G Investments partnered with padel venues across the UK, offering clients opportunities to engage with investment teams in a dynamic setting. As the official padel partner of the London Sports Festival 2025, M&G Investments hosted pop-up courts at iconic locations such as St Paul’s Cathedral Churchyard and Tower Hill Terrace. The initiative also included outreach efforts, such as donating professional coaching sessions to charities and local schools.

RHS Chelsea Flower Show

M&G Investments began sponsoring the RHS Chelsea Flower Show (https://en.wikipedia.org/wiki/Chelsea_Flower_Show) in 2010 and served as the title sponsor until 2022. Their sponsorship included support for the RHS’s (https://en.wikipedia.org/wiki/Royal_Historical_Society) Greening Grey Britain campaign and featured collaborations with renowned garden designers such as Sarah Price and Andy Sturgeon (https://en.wikipedia.org/wiki/Andy_Sturgeon).

Expeditions

M&G Investments sponsored the first all-female expedition to the North Pole in 2002, known as the M&G North Pole Expedition. The team was led by Ann Daniels, Caroline Hamilton, and Pom Oliver (https://en.wikipedia.org/wiki/Pom_Oliver), who became the first women to ski continuously from land to the North Geographic Pole. The expedition faced extreme conditions, including temperatures as low as –56°C, frostbite, and polar bear threats, but ultimately succeeded in reaching the pole on 1 June 2002.

M&G (https://en.wikipedia.org/wiki/M%26G) also sponsored earlier polar expeditions, including a 1997 relay-style journey to the North Pole and a 2000 trek to the South Pole, both involving all-female British teams. These efforts were part of the M&G ISA Challenge, which aimed to promote female achievement in extreme environments and raise funds for charitable causes.

Further reading

Anonymous (2000). Memories of Chelmsford. Bingley, UK: True North Books Ltd. ISBN 978-1903204290.

Crow, Duncan (1965). A Man of Push and Go: The Life of George Macaulay Booth. London, UK: Rupert Hart-Davis. ISBN B0000CMJZB.

Morecroft, Nigel Edward (2018). The Origins of Asset Management from 1700 to 1960: Towering Investors. Cham, Switzerland: Palgrave Macmillan. ISBN 978-3319847580.