Matthew Vaight, manager of the M&G Global Emerging Markets fund and the M&G Asian fund, will leave M&G Group towards the end of 2018 to pursue interests outside of the asset management industry.
Vaight began his 22-year career with M&G as a graduate trainee. He was appointed co-manager of the M&G Asian Fund in 2008 and launched the M&G Global Emerging Markets Fund in 2009. Under Matthew’s stewardship, M&G’s emerging market equity business has grown to almost £4bn of assets under management over the past decade.
Michael Bourke will take over management of the M&G Global Emerging Markets fund on Vaight’s departure. Bourke already lead-manages the M&G Emerging Markets Income Opportunities fund, alongside co-manager Charles de Quinsonas. He has worked alongside Vaight in the M&G emerging markets team since 2015 and will be maintaining the same investment philosophy and process of the Fund. Bourke’s 18 years of investment experience include ten years as an emerging markets analyst and portfolio manager at Legg Mason and FPP Asset Management.
Alastair Bruce will become the manager of the M&G Asian fund, also before the end of the year. Having joined M&G seven years ago, Bruce has proven himself a key member of the emerging markets team and shares a very similar investment approach to that of Matthew.
Bourke and Bruce will have the full support of the emerging markets team and the wider resources of M&G. Alice de Charmoy, who joined the team in 2013, continues as the co-deputy fund manager on the M&G Global Emerging Markets fund, alongside Bruce. De Charmoy will also take on fund manager responsibilities for our institutional client mandates, following the same strategy. Loong Lim, who joined the team in 2013, remains co-deputy on the M&G Asian fund, alongside de Charmoy.