M&G sets up shop down under

London-headquartered M&G Investments opened the doors to its first Australian offices.

The new offices, in Sydney and Melbourne, are a natural extension of the real estate manager's existing footprint in Australia, M&G global head of real estate Tony Brown said.

"This places us closer to our existing assets and new investment opportunities in core real estate in Australia, as well as helping us to meet increasing local client demand for real estate investments in Europe and Asia," he said.

Two senior appointments from last year are attached to the development; Chris Andrews was named head of business development for Australia in September last year, and James MacKinnon was appointed head of Australia, real estate last December.

They are based in Melbourne and Sydney, respectively.

Prior to his current role, Chris Andrews was head of client relationships and marketing at M&G, a role he was in for more than six years. He has more than 30 years' experience in the fund management industry, having previously worked at MGPA, Macquarie Bank, and Mercer.

His focus now is on the full breadth of investment capabilities for institutional clients.

James MacKinnon moved from his M&G role as head of asset management, Asia Pacific, now leading M&G real estate business in Australia. His previous roles includes a vice presidency at AIG, and time at Macquarie Goodman Asia.

Head of institutional fixed income William Nicoll said the appointments will enable M&G to deepen its relationships with Australian institutional investors and to partner with them on international opportunities.

"We are seeing a growing demand from superannuation funds to diversify their portfolios through increasing allocations to international markets," he said.

"Our existing Australian client base has traditionally sought our international public credit expertise, and now we're seeing significant interest in European private debt and infrastructure investments, too."

According to its data, M&G has $2 billion in real estate under management in Australia and its Asia Pacific core real estate fund has 14 investments in Sydney, Melbourne and Brisbane.

The firm invests on behalf of institutional clients across public and private assets classes, with business across Europe, Asia, and the Americas.

Read more: M&G InvestmentsChris AndrewsJames MacKinnonMacquarie Goodman AsiaAIGMacquarie BankMercerMGPATony BrownWilliam Nicoll
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