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M&G boss eyes more private markets deals after tie-up with Japan’s Dai-ichi Life

Andrea Rossi says access to another balance sheet will enable London-listed group and its new partner to provide more seed capital to potential targets

By David Ricketts
M&G chief Andrea Rossi has ambitions for the London-listed group to expand its capabilities in private markets
M&G chief Andrea Rossi has ambitions for the London-listed group to expand its capabilities in private markets

A partnership struck between M&G and Japanese insurance group Dai-ichi Life will help the UK-listed savings and investments group pursue more private markets deals, according to chief executive Andrea Rossi.

“This is all about growth”, Rossi told Financial News, after M&G announced on 30 May that Dai-ichi Life will acquire a 15% stake in the London-listed group.

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