British asset manager M&G announced that Michael Stiasny will become manager of the M&G UK Income Distribution fund on 1 April 2018, succeeding to the current manager, Richard Hughes, who will retire at the end of March.
Stiasny is joining Sam Ford as co-deputy manager of the fund, effective today. In addition to his new role, he will retain his position of fund manager of the M&G Charifund, which he has run since November 2016, and that of deputy fund manager of the M&G Recovery fund.
M&G also said that Wolfgang Bauer is to be appointed manager of the M&G European Inflation Linked Corporate Bond fund, replacing current manager Jim Leaviss, at the start of January 2018.
Bauer will remain, alongside Jim Leaviss, as co-manager of the M&G Absolute Return Bond fund, and as deputy manager of the M&G Global Corporate Bond and the M&G European Corporate Bond funds.
Both funds’ investment strategies will remain the same.
Graham Mason, chief investment officer for equities, multi-asset and retail fixed interest, said: “These appointments are testament to the internal talent we nurture and promote at M&G. Wolfgang and Michael have proven their capability to deliver excellent outcomes for customers and I have every confidence they have the expertise and experience to do a great job in their expanded roles.”
As of end June 2017, M&G had €320.6bn of assets under management.