M&G Investments has announced that Richard Godfrey is joining the business as chief operating officer for asset management, subject to regulatory approval, on 31 July.
Reporting to the chief executive for asset management, Joseph Pinto, Godfrey will join M&G’s asset management executive committee.
He will be responsible for all investment management operational functions, collaborating extensively with investments and distribution teams across the asset management business.
With extensive operational experience in financial services, he joins M&G from HSBC where his most recent role was global co-head of the securities services and securities financing businesses.
He has held a series of leadership roles at HSBC since starting with the bank in 2004, including global COO of securities services with responsibility for its business operations and transformation initiatives.
He previously held roles at Mello as CEO of its investment servicing business in Europe and Robert Fleming in senior asset management and insurance operations roles.
Commenting on Godfrey’s appointment, Pinto said: “We are looking forward to welcoming Richard to the business and it is our joint priority to continue to enhance our clients’ experience, ensuring they are at the centre of everything we do.
“Richard’s extensive leadership experience will allow us to work with colleagues across the firm to better streamline our processes, enabling us to better serve our clients.”
Godfrey added: “I am excited to be joining the exceptional team at M&G and looking forward to helping best serve the evolving needs of the firm’s asset management clients.
“By working with colleagues from across asset management with a client-centric approach, we will be well placed to deliver M&G’s ambitious international growth strategy.”
M&G Investments is part of M&G plc – a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager.
M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has over £344bn of assets under management (as at 31 March 2023).
M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.
Last year, M&G announced a partnership with digital investment firm Moneyfarm to provide direct investment services to UK consumers.
M&G Wealth will use Moneyfarm’s existing technology, digital capabilities, and investment guidance “journeys” to back its own branded proposition.
