Asset Management

M&G begins search for new CEO as John Foley announces retirement

Foley, who was appointed CEO in 2015 after 15 years with Prudential, was responsible for overseeing the merger of M&G Investments and Prudential UK in 2017

John Foley has overseen several recent acquisitions for M&G, including its purchase of TCF Fund Managers in February to integrate into its wealth business
John Foley has overseen several recent acquisitions for M&G, including its purchase of TCF Fund Managers in February to integrate into its wealth business Photo: Alamy Stock Photo

M&G, the £370bn UK-listed investment group, is on the hunt for a new chief executive following an announcement that current boss John Foley is set to retire.

Foley, who was appointed CEO in 2015 after 15 years with Prudential, was responsible for overseeing the merger of M&G Investments and Prudential UK in 2017 — as well as the subsequent demerger from Prudential in 2019.

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