M&G names CFO Clare Bousfield as new MD of retail and savings

She will step down from the board

M&G Group has appointed chief financial officer Clare Bousfield to the newly-created role of managing director, retail and savings, responsible for leading the expansion of M&G Wealth in the UK.

In her new role, effective 1 October 2021 and subject to regulatory approval, Bousfield will also oversee the completion of the transformation of the Prudential-branded operations, intended to "improve customer outcomes and generate business efficiencies". She joined the Prudential group in November 2016 as chief executive of the Prudential Assurance Company, having previously been at Aegon where she was chief financial officer. Fabiana Fedeli to lead M&G's £57bn equities division The retail and savings division of the group consists of M&G Wealth and the heritage business, which i...