HomeBusinessM&G Investments appoints new CFO

M&G Investments appoints new CFO

Investment manager M&G has hired Marcello Arona as the new Chief Financial Officer (CFO) of its asset management division M&G Investments.

Arona, with substantial experience in asset management, moves from AXA to M&G Investments.

In the new role, he will oversee M&G Investments’ global financial operations and implement its financial strategy.

He is also said to be integral in advancing the company’s long-term growth goals.

Arona reports to M&G CFO Kathryn McLeland and works with Joseph Pinto, CEO of M&G Investments.

Pinto said: “I look forward to working with him to drive our growth mission and deliver exceptional financial results for our clients and customers.

“I would like to take this opportunity to thank Sean Fitzgerald for his significant contribution to the company and wish him all the best in his retirement.”

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Arona’s career at AXA spanned more than 20 years, where he held several senior positions including Chief Operation Officer at AXA Investment Managers in Italy and Head of AXA Investment Managers and Regional Chief Financial Officer in the US.

Before his time at AXA, he held senior leadership roles at HSBC and PWC in Italy.

Arona said: “I look forward to working closely with the talented team here at M&G Investments and building on the strong foundation, continuing to drive financial success and creating value that benefits customers, shareholders, the economy and society benefits as a whole.”

M&G manages funds for approximately 4.6 million private clients and more than 900 institutional clients across 38 offices worldwide.

As of June 30, 2024, the company reported £346.1 billion ($423.7 billion) of assets under management and administration.

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It offers a range of solutions under the M&G and Prudential brands in the UK and Europe, and globally for asset management clients under the M&G Investments brand.

M&G appointed Kathy Ryan as its lead sustainability office in October 2023.

“M&G Investments appoints new CFO” was originally created and published by Private Banker International, a brand owned by GlobalData.


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