M&G Investments, a UK-based investment management firm, has selected Chicago as the location of its Americas headquarters.
The Chicago outpost will include portfolio management and research, equity and fixed income dealing desks. It will have support professionals.
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The new base is expected to start operations later in 2020.
It will be staffed by 35 employees.
Anthony Balestrieri will be in charge of the new location. Besides, he will assume the role of the CIO of M&G Investments (America).
Nelson Zamora will become COO of M&G Investments (America).
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By GlobalDataThe duo previously worked at PPM America.
Balestrieri was an executive vice president and CIO on the total return team at PPM, while Zamora was the chief risk officer and EVP head of Quantitative Research at the firm.
M&G CIO Jack Daniels said: “Chicago was a natural choice when it came to selecting a location for M&G’s headquarters for the Americas. We are looking to recruit the best people for our growing business, and Chicago has a world class talent pool of investment professionals.
“It’s also a vibrant city at the heart of the US economy, with great infrastructure and transport links.”
M&G has more than $465.7bn in assets under management and administration.
The firm’s solutions cover equities, fixed income, multi asset, cash, private debt, infrastructure along with real estate.
The firm also has branches in New York City and Miami as well as in 22 other cities across Europe and Asia.
