John Foley, who retires after seven years in the role, will step down as CEO and executive director but will remain at M&G in an advisory capacity until 31 December

Asset Management Correspondent

M&G, the £349bn listed UK savings and investment group, has named former Axa Investment Managers' boss Andrea Rossi as its next chief executive, succeeding John Foley who is stepping down from the top job next month.

Rossi, who stepped down as CEO of Axa IM in December 2019 after six years in the role, will receive a base salary of £875,000 for the top job at M&G. He will take over on 10 October.

M&G names former Axa IM boss Andrea Rossi as new CEO

David Ricketts

Axa Investment

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