UK-based wealth manger M&G Investments, has named Daniel White as its new lead manager for its £120 million (140 million) North American Value fund.
Effective from 1 September 2013, White will succeed Richard Brody who has administrated the fund since July 2005. Brody will instead focus on his wider responsibilities and other portfolios at PPM America.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In his new role, White will serve as deputy on the European fund with Halle assisting him on the North American Value fund, which will continue to operate the same investment objective.
White has joined the asset manager in 2005 as a sector analyst and after five years on the M&G European Strategic Value Fund, he is being promoted as lead manager.
In his previous role, White has worked with Richard Halle as manager of the £515m (602m) M&G European Strategic Value fund.
M&G Investment’s CEO of equities Gary Cotton said: "Daniel’s promotion is in keeping with M&G’s commitment to nurture talent.
"He is ideally placed to take over the management of the M&G North American Value fund and apply the team’s proven value strategy to the North American market, leveraging M&G’s wider expertise in global equities," he added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataM&G manages more than £234 billion of assets across equities, bonds, property and multi asset, as of 30 June 2013.
