# M&G appoints former head of AXA Investment Managers Andrea Rossi as new CEO
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-29
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Former AXA Investment Managers Head Rossi to Lead M&G as CEO
Meta Description: Former AXA Investment Managers head Andrea Rossi appointed as M&G CEO, replacing John Foley. Rossi aims to drive growth and improve efficiency in serving
URL: https://financedigest.com/mg-appoints-former-head-of-axa-investment-managers-andrea-rossi-as-new-ceohtml

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LONDON (Reuters) – British investment manager M&G said on Thursday that Andrea Rossi, a former head of AXA Investment Managers, will take over as Chief Executive Officer of the company.

Rossi will replace John Foley, who led M&G’s split from parent Prudential in 2019, and who announced in April his intention to retire.

Most recently, Rossi served as senior adviser to Boston Consulting Group. The appointment has been [approved by the PRA and FCA](https://www.financedigest.com/buddy-loans-secures-full-fca-approval-to-offer-guarantor-loans.html "Buddy Loans secures full FCA approval to offer guarantor loans"), M&G said.

I am honoured to have been selected as its next CEO and look forward to driving growth in the business while at the same time improving its efficiency to better serve client needs”, said Rossi, who will [earn a base salary](https://www.financedigest.com/billionaires-salary-how-long-does-it-take-for-them-to-earn-your-wage.html "‘Billionaires Salary: How long does it take for them to earn your wage?’") of 875,000 pounds ($942,725) plus incentives.

($1 = 0.9282 pounds)

(Reporting by Andres Gonzalez, editing by Sinead Cruise)


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