Posted inNews

M&G CIO assumes extra responsibilities in leadership reshuffle

Daniels has had responsibility for asset management sales and distribution added to his remit, according to FSA’s sister title, Portfolio Adviser.
One young man is enjoying rock climbing in a climbing centre.

M&G chief investment officer Jack Daniels has assumed a new job title as he adds sales and distribution for asset management to his remit.

On Tuesday M&G chief executive John Foley announced that Claire Bousefield was changing roles on 1 October from group chief financial officer to managing director of its retail and savings business. Foley said the move was part of “a number of other leadership changes” but no further information was given.

When Portfolio Adviser asked M&G, it learned that Daniels has assumed the extra title of managing director for asset management, with responsibility for sales and distribution added to this remit. He remains as CIO for the business.

Daniels was made CIO of M&G in March 2019 as part of a shake-up of senior management as M&G Prudential prepared to demerge from the wider insurance group. He had previously been CIO of Prudential UK and group treasurer for parent company Prudential.

Elsewhere, David Macmillan, formerly chief customer and distribution officer, takes on a new role as chief customer and innovation officer, with executive responsibility for sustainability as well as plc brand and marketing.

In addition, three executive committee directors – Irene McDermott Brown, Graham Mason and Julian Adams – are retiring. Their responsibilities are being shared across existing executive committee members.

Part of the Mark Allen Group.