M&G Investments opens first offices in Australia

M&G Investments (M&G)  has opened its first two offices in Australia, in Sydney and Melbourne, establishing an on the ground presence in one of the largest asset management markets in the Asia Pacific region.    The firm has appointed two of its senior people - Chris Andrews as head of Business Development, Australia, based in Melbourne, and James MacKinnon as head of Australia, Real Estate, based in Sydney.    William Nicoll, head of Institutional Fixed Income, M&G, said: "We are seeing a growing demand from superannuation funds to diversify their portfolios through increasing allocati...