M&G seeks boutique culture for equities

Best known for its fixed interest and property expertise, the UK's oldest unit trust group is building a strong equity franchise with hires such as Mike Felton

M&G is the UK's oldest unit trust company and has had its fair share of ups and downs since it was established in 1931. A notable recent milestone in the company's history was Prudential's effort to access the retail space by taking over M&G in 1999. The disruption caused by the buyout is widely seen as the source of M&G's recent difficulties, from which it has taken several years to recover. But industry opinion is that the firm has evolved and managed to turn around its performance while retaining a strong and recognised brand. Jonathan Willcocks, managing director of UK sales at M&G, ...