Investment manager M&G has hired Marcello Arona to serve as the new chief financial officer (CFO) of its asset management division, M&G Investments.
Arona, with substantial experience in asset management, moves to M&G Investments from AXA.
In the new roe, he will oversee the global financial operations of M&G Investments and implement its financial strategy.
He is also said to be integral in advancing the company’s long-term growth objectives.
Reporting to M&G CFO Kathryn McLeland, Arona is working alongside M&G Investments CEO Joseph Pinto.
Pinto said: “I look forward to working with him to drive our growth mission and to deliver exceptional financial outcomes for our clients and customers.
“I would like to take this opportunity to thank Sean Fitzgerald for his significant contribution to the business and wish him all the very best for his retirement.”
Arona’s career at AXA spanned more than 20 years, where he held various 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 stint at AXA, he served in 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 build on its strong foundation, continue to drive its financial success and create value that benefits clients, shareholders, the economy and society at large.”
M&G manages funds for approximately 4.6 million retail clients and more than 900 institutional clients across 38 offices worldwide.
As of 30 June 2024, the company reported £346.1bn ($423.7bn) in assets under management and administration.
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 chief sustainability office in October 2023.
“M&G Investments names new CFO” was originally created and published by Private Banker International, a GlobalData owned brand.
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