M&G Investments appoints BlackRock exec to head distribution

M&G Investments has appointed a new Head of UK Institutional Distribution, who brings experience from BlackRock and Insight Investment.

Andrew Reid is set to start the role in February. Reporting to Global Head of Client Group Neil Godfrey, he will lead the firm’s team focused on DB, DC and local government pension schemes, as well as UK consultants.

He joins from BlackRock, where he has headed the UK DB Relationship Management team for four years.

Prior to BlackRock, he was Head of Business Development for UK and Ireland at Insight Investment from 2017 to 2021.

He has also previously held roles at Deutsche Bank, Credit Suisse and Watson Wyatt, later absorbed into Towers Watson.

Neil Godfrey, Global Head of Client Group at M&G, said: “[Andrew’s] leadership and client-focused experience will continue to drive our ambition to be the active manager of choice for institutional clients in our home market.

“Andrew’s appointment is aligned with our strategic priority to expand our institutional distribution capability to bring our investment expertise to a broader range of clients. I would like to thank Grant for his significant contribution to M&G and wish him the best for the future.”

Andrew Reid added: “The strength of M&G’s distribution, investment capability and the alignment between the asset manager and asset owner are a powerful foundation for success.

“These qualities will enable us to navigate the evolving DB and DC landscape with confidence, delivering solutions that meet the changing needs of institutional clients. I look forward to joining the business at such an exciting time.”

M&G manages £44.7 billion on behalf of its UK institutional clients.