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02 November 2021

M&G Wealth appoints first Chief Investment Officer

2021
M&G Wealth has appointed Shanti Kelemen as its first Chief Investment Officer (CIO).

Shanti joins the company from Brown Shipley where she was Investment Director with responsibilities for communicating investment views, improving investment processes and integrating acquired businesses.

Prior to Brown Shipley, Shanti was a Director on the Investment Management team at Coutts where she managed multi-asset advisory and discretionary portfolios. She also held roles as a business development and product manager during a 7-year spell at Coutts. She started her career working in equity derivative sales at the Royal Bank of Scotland.

At M&G Wealth Shanti will be responsible for the development and ongoing management of discretionary investment solutions, including model portfolio services.

David Montgomery, Managing Director at M&G Wealth, said: “M&G Wealth was launched by M&G plc just over a year ago backed with a clear agenda to address the escalating ‘advice gap’ in the UK.

“Integral to doing this are the right people, investment solutions and capabilities to make a real difference to our customers and their ultimate wealth outcomes.

“The appointment of Shanti is another important investment in our wealth business in line with M&G plc’s sustainable growth strategy and I am delighted to welcome her to my leadership team”.

Shanti Kelemen said: “We are living in a time of incredible change and uncertainty - but also opportunity. Providing the right investment solutions and experiences to our customers in a robust and planet-friendly way has never been more important.

“Companies that want to be a trusted partner for investment solutions need to be innovative, financially capable, and completely focused on their customers. I firmly believe that M&G Wealth has these attributes and I’m excited to join the team”.

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Notes to editors

M&G Wealth is part of M&G plc. It has 3 main parts, M&G Wealth Advice, M&G Wealth Platform and a retail investment funds business, M&G Direct.

In May 2021 M&G Wealth announced its intention to launch a HYBRID advice business where clients, often with modest wealth and a simpler set of financial needs, will be able to get access to the advice that they are currently finding difficult to obtain – either because of the costs involved or the commercials commonly associated with an advice business (making it impractical for a business to offer services to lower sums invested). This new business will also sit within M&G Wealth Advice.

M&G plc also recently agreed to acquire (subject to regulatory approval) Sandringham Partners – an independent financial adviser. Sandringham will be the independent advice arm of M&G Wealth. It is anticipated that Sandringham will become part of M&G Wealth before the end of 2021.

M&G plc is an international savings and investments business, managing money for around 5 million retail customers and more than 800 institutional clients in 28 markets. As of 30 June 2021, it has £370 billion of assets under management and administration.
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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited(プルデンシャル・アシュアランス・カンパニー・リミテッド)の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.(プルデンシャル・ファイナンシャルInc.)またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc(プルデンシャル・ピーエルシー)とは一切関係がありません。

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.