People Moves: M&G plc appoints Andrea Rossi as Chief Executive Officer
Press Release - M&G plc ("M&G"), the leading international savings and investment business, announces the appointment of Andrea Rossi as its next Chief Executive and Executive Director.
Andrea will take up his new position on 10 October 2022, succeeding John Foley who, in April
2022, announced his intention to retire after seven years in the role. John will step down as
CEO and Executive Director on 10 October 2022, but will remain at M&G in an advisory
capacity until 31 December 2022 in order to ensure an orderly transition.
Andrea has a 22 year track record in the global insurance and asset management sectors,
mainly through his time at AXA Group. He was CEO of AXA Investment Managers and a
member of the Group Executive Committee of AXA Group for six years. Andrea also held
senior roles at AXA's insurance business across Europe and internationally. Under his
leadership of AXA Investment Managers, assets under management increased by 55% to
€800bn and AUM from external clients more than doubled. This growth was driven by a clear
focus on systematically identifying and addressing client needs and through a transformation
of underlying systems and processes.
Most recently, Andrea has been a senior adviser to Boston Consulting Group. He will step
down from this role following his appointment at M&G. He is also the co-founder of REsustain,
a firm focussed on reducing the carbon intensity of commercial property, where he will
remain as a Non-Executive Director.