Joseph Pinto will join M&G Asset Management in March as the firm's next CEO, a spokesman confirmed.
Mr. Pinto will succeed Jonathan "Jack" Daniels, who in July said he intended to retire after 21 years at the firm.
Mr. Pinto will be responsible for all investment capabilities, including the equity, fixed income, multiasset, private and alternative strategies, as well as distribution, operations and proposition management.
The appointment, which is subject to regulatory approval, will also see Mr. Pinto join M&G's executive committee. He will report to Andrea Rossi, CEO of M&G.
"Joseph brings to M&G a profound understanding of client needs and how they have evolved through changing economic conditions," Mr. Rossi said in a news release. "He has a strong record of delivering on strategic ambitions in investment management, and I am confident his combination of commercial vision and pragmatic leadership will help transform how M&G delivers value to its clients and other stakeholders."
M&G had £348.9 billion ($424.2 billion) in assets under management as of June 30.
Mr. Pinto was head of distribution for Europe, Latin America, Middle East and Asia-Pacific at Natixis Investment Managers. His responsibilities in terms of distribution and development activities for EMEA, APAC and Latin America will be taken on by Fabrice Chemouny, who was named head of international distribution effective March 1, and Christophe Lanne, chief administration officer for asset and wealth management, a spokeswoman for Natixis IM said.
Mr. Chemouny was head of APAC. No replacement will be appointed at this time, the spokeswoman said, with local business heads in the region continuing to support Mr. Chemouny directly. "Natixis IM remains committed to the APAC market and will continue to execute on its diversification and development while delivering high-quality services to its clients," the spokeswoman said in an email.
