M&A said private markets investment is “central” to its growth ambitions in asset management.
M&G
Investments, which has a £74 billion ($93.9 billion)
international private markets arm, has named Emmanuel Deblanc
as the new chief investment officer in charge of this
business. William Nicoll previously held the role, a
spokesperson told this news service.
Reporting to Joseph Pinto, chief executive of M&G
Investments, Deblanc will join on 14 March and will be based in
London, M&G said in a statement yesterday.
Deblanc has more than 25 years’ experience, most recently at
Allianz
Global Investors where he led and developed its private
markets capability played a central role building its private
debt franchise. Before this, Deblanc spent nine years at BNP Paribas, where he
was co-head of the French firm’s debt advisory and financing
team.
M&A said private markets investment is “central” to its
growth ambitions in asset management. The field – covering
areas such as private equity, credit, forms of property and
infrastructure – has expanded since before the 2008
financial crash. More than a decade of ultra-low interest rates,
a secular shift from listings on the stock market, and a desire
for yield, have helped propel the change.
The firm said private markets drove half the global asset
managers’ industry revenues in 2022, M&G said, citing data
from the Boston Consulting Group Global Asset Management
Benchmarking Survey 2023 report.
