Type Subsidiary Key people CEO: Anne Richards Revenue £455 million (2008) CEO Anne Richards (Jun 2016–) Founded 1931 | Industry Financial services Products Financial services Operating income Headquarters London, United Kingdom Parent organizations Prudential, M&G Limited | |
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Subsidiaries Infracapital, Holborn Bars Nominees Limited, M&G Investment Management Limited, Investment Banking Arm | ||
M&G is an investment manager in the UK and overseas. Current chief investment officer of M&G Investments is Anne Richards. It is an autonomous business within the Prudential Group, running its own retail and institutional funds operation and functioning as the asset manager for Prudential in Europe. Currently M&G is the official sponsor of the RHS Chelsea Flower Show M&G invests in and manages a wide range of assets including Equities, Fixed Income and Property. M&G also manages more esoteric assets within the private finance arena such as Structured Products (including CDOs), Leveraged Finance, Project and Infrastructure Finance.
History
Municipal & General Securities Company Limited launched the first ever UK unit trust in 1931, the First British Fixed Trust.
In April 2012, they ran six of the top ten largest UK funds.
In May 2016, it announced it was to launch a direct online investment service for retail investors to invest directly in its range of funds.
In July 2016, M&G suspended redemptions on its £4.4 billion Property Portfolio fund following heavy withdrawals after the referendum on the UK's exit from the European Union.