M&G replaces Brody on North American Value fund

M&G has appointed Daniel White as manager of the £120m M&G North American Value fund, replacing Richard Brody.

Brody will concentrate on other responsibilities including managing portfolios for PPM America. White will be supported by deputy manager Richard Halle, manager of the £515m M&G European Strategic Value fund. The pair have previously worked closely together on this portfolio when White was co-manager, and he will now become deputy manager on the fund. He takes on his role at the helm of the North American Value fund at the start of September. "Daniel's promotion is in keeping with M&G's commitment to nurture talent," said Gary Cotton, chief executive officer of equities. "Having...