"[Andrea Rossi’s] deep experience in both global asset management and insurance is an ideal fit for M&G. "
- Edward Braham, M&G chair
Succeeding John Foley, who announced his intention to retire after seven years at the helm earlier this year, Rossi joins M&G from Boston Consulting Group where he works as a senior adviser.
Following his appointment as executive lead at M&G, Rossi will step down from this role. However, he will remain as a non-executive director for REsustain, which he co-founded to help reduce the carbon intensity of commercial properties.
This has been approved by the PRA and FCA.
Andrea Rossi joins M&G with a 22-year track record in the global insurance and asset management sectors, mainly through his role as chief executive of AXA Investment Managers and a member of the AXA Group Executive Committee for six years.
Commenting on the appointment, Edward Braham, M&G chair, has said:
“We are delighted to announce the appointment of Andrea Rossi as chief executive of M&G. He is an inspiring and proven leader with a strong track record of delivering profitable growth and outstanding client outcomes.”
Andrea Rossi added:
“I am honoured to have been selected as its next CEO and look forward to driving growth in the business while at the same time improving its efficiency to better serve client needs.
“There is an excellent team at M&G and I’m excited at the prospect of working with them to take the business forward.”