M&G Real Estate has restructured the portfolio management team of its core Asia property strategy, with immediate effect.
Scott Girard, formerly Chief Executive Officer (CEO) and Chief Investment Officer (CIO) of the M&G Real Estate Asia business, who has remained as a senior adviser with the firm, moves into the role of interim fund manager continuing the strategy’s focus on value driven, long-term investing.
Former M&G fund manager Erle Spratt, has left the business to pursue other opportunities.
The autonomous business within the Prudential Group, has a team of 50 people operating across the region.
Investment Management Continuity
Working closely with Chiang Ling Ng, CEO and CIO of M&G Real Estate’s Asia business, Scott Girard and the Asia management team will work towards an orderly succession plan M&G said in a statement.
The firm hopes that Girard will provide continuity of investment management. He will also be responsible for the strategic asset allocation over the next 12 months.
The strategy, which currently stands at US$2.5 billion in AUM as of 30 June 2016, is well positioned with an established and diverse portfolio of high quality assets and a strong capital queue.
