M&G Investments, a UK-based investment manager, has launched its first offices in Australia in response to client demand.
The two offices will be located in Sydney and Melbourne.
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They will be headed by Chris Andrews as head of business development for Australia and James MacKinnon as head of Australia for real estate.
Andrews and MacKinnon will operate out of Melbourne and Sydney, respectively.
Andrews latterly led client relationships and marketing at M&G Real Estate. He spent over three decades in the fund management space.
In the new role, he will work on investment capabilities for institutional clients in Australia.
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By GlobalDataMacKinnon formerly served as the head of asset management for Asia Pacific at M&G Real Estate.
In his financial career of over 30 years, he also had stints at AIG Global Real Estate (Asia) and Macquarie Goodman Asia.
M&G head of institutional fixed income William Nicoll said: “We are seeing a growing demand from superannuation funds to diversify their portfolios through increasing allocations to international markets.
“Our existing Australian client base has traditionally sought our international public credit expertise, and now we’re seeing significant interest in European private debt and infrastructure investments, too.”
At the end of June 2019, M&G had A$2bn ($1.3bn) in real estate under management in Australia.
