M&G Investments is stepping up its efforts in southern Europe with the appointment of Andrea Orsi as Country Head of Italy and Greece.
Orsi is succeeding Matteo Astolfi, who has decided to step down as head of M&G's Italian and Greek business after 12 years.
Before being appointed as Italy and Greece country head, Orsi was already working as deputy country head of Italy since 2015 alongside Astolfi.
He joined M&G Italy in 2012 as associate director to develop relationships with global banks, retail distributors and institutional clients. In March 2015, he took the role of deputy country head of Italy. Before joining M&G, Orsi worked for nine years at Pioneer and, before that, at Citigroup.
Jonathan Willcocks, global head of distribution, M&G said: "I am delighted to appoint Andrea Orsi to become the new leader of our Italian and Greek businesses. He has extensive knowledge of the Italian market as well as strong relationships with the clients. I know he will do a fantastic job helping our customers in these two markets find investment opportunities across our range of active and long term investment solutions.
"I would also like to acknowledge the outstanding contribution of Matteo Astolfi. Under his leadership, Italy has grown to become M&G's largest market outside the UK, with assets under management of €20.5bn. This is a credit to all our team in Milan. We are immensely grateful to Matteo for all his dedication over the last 12 years as he moves onto the next chapter in his career."