M&G Investments has confirmed that veteran multi-asset fund manager Steven Andrew will retire in March 2026.
Andrew has spent 20 years at M&G and nearly four decades in the investment industry.
He has played a central role in developing the firm’s £11bn multi-asset franchise and has led the M&G Income and Growth Fund for 15 years, focusing on stability, resilience and dependable income through different market cycles.
Following his retirement, co-fund managers Craig Moran and Stefano Amato will take on lead responsibilities for the strategies they currently co-manage.
Moran will become lead manager on the M&G (Lux) Dynamic Allocation Fund, while Amato will lead the M&G (Lux) Income Allocation and M&G Income and Growth Funds, supported by their current deputies.
M&G said the transition had been planned over several years to maintain consistency in the team’s investment philosophy, which centres on disciplined asset allocation and risk management.
Fabiana Fedeli, CIO for equities, multi asset and sustainability, said: “Steven has made a significant contribution to our clients and our business. His leadership and mentorship have helped shape the success of our multi-asset team.
“In Craig and Stefano, we have our next generation of investment talent.”
Andrew added: “Helping to build M&G’s multi-asset platform has been a privilege. I look forward to retirement knowing the team will continue to deliver for clients.”
