The U.K.-based fund manager, which demerged from parent company Prudential in October, has formed an Asia Pacific private credit origination team based in Singapore.
M&G Investments has appointed Matthew O'Sullivan to lead its newly formed credit and alternatives origination team for the Asia Pacific region, the company announced in a statement on Tuesday.
O'Sullivan was formerly the firm's co-head of asset-backed securities research in London. Reporting to Alex Seddon, co-head of private credit, in London, he will lead the firm's efforts to originate investment opportunities in the Asia Pacific region, which will enable M&G to diversify its assets and expand its investment universe, the statement said.
He is joined by former Prudential Capital analyst Gareth Anderson, who has been appointed associate director.
Regional Presence Important
«Private assets are ever-evolving and establishing a regional presence will put us closer to the management of the companies we are lending to, originators we can partner with and relationship banks in Asia Pacific, which will ultimately benefit our institutional clients who seek the value on offer in this asset class,» said William Nicoll, head of institutional fixed income, M&G, about the moves.
M&G is among the world's largest investors in private credit, with approximately £27.4 billion ($356 billion) under management as of 30 June 2019, and 525 professionals in its workforce worldwide.
