M&G names AXA veteran as next chief executive

Jenna Brown
clock • 2 min read

UK-headquartered savings and investment business M&G has named Andrea Rossi as its next chief executive and executive director. Rossi, who will start the top job on 10 October, takes over from John Foley. Foley announced his intention to retire after seven years in the job earlier this year. He will remain with M&G in an advisory capacity until the end of the year to ensure an orderly transition, the business said.  Rossi will earn a base salary of £875,000 a year with a significant bonus package, M&G revealed.  M&G profits nearly halve despite return to inflows He has a 22-...

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