M&G has named Michael Stiasny as co-deputy manager of its £656m UK Income Distribution fund with immediate effect, as he prepares to take over the reins from Richard Hughes when he retires in the second quarter of 2018.
The firm recently announced Hughes is to retire at the end of March after more than 30 years, having previously reduced his fund management responsibilities last summer. Stiasny will become manager of the UK Income Distribution fund from 1 April but, with immediate effect, he will work on the fund as co-deputy manager with Sam Ford. Meanwhile, head of retail fixed interest Jim Leaviss is handing over the reins of the £82m M&G European Inflation Linked Corporate Bond fund at the start of next year to Wolfgang Bauer. Prudential to merge UK businesses to create M&G Prudential; Recor...
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