CHICAGO–(BUSINESS WIRE)–M&G Investments, the international investment manager with over $465.7 billion in assets under management and administration, has chosen Chicago as the location of its headquarters for the Americas, and is adding highly skilled new jobs to the local economy.
M&G’s new Chicago hub is the latest step in its strategy to complement its strong investment management capabilities in London with experienced investment teams in locations of strategic importance to its global client base. M&G’s customers include some of the world’s largest financial institutions, including banks, insurers, pension funds and sovereign wealth funds, as well as millions of individual savers and investors.
When fully operational later this year, M&G’s 35-person strong Chicago office will house portfolio management and research, equity and fixed income dealing desks, and a full team of support professionals. M&G already has sales offices in New York City and Miami in addition to sales and investment offices in 22 other cities across Europe and Asia.
Anthony Balestrieri has joined M&G to lead the new team in Chicago and will also serve as Chief Investment Officer of M&G Investments (America) Inc, while Nelson Zamora joins as Chief Operating Officer. Balestrieri and Zamora formerly worked in senior investment roles in Chicago.
“As global investors, our new Chicago investment hub under Anthony Balestrieri’s highly experienced leadership will further improve our capability to deliver financial solutions to our clients with on-the-ground access to the world’s largest economy,” said Jack Daniels, Chief Investment Officer, M&G plc.
“Chicago was a natural choice when it came to selecting a location for M&G’s headquarters for the Americas. We are looking to recruit the best people for our growing business, and Chicago has a world class talent pool of investment professionals. It’s also a vibrant city at the heart of the US economy, with great infrastructure and transport links. We’re excited to base our headquarters here and become a part of the city’s burgeoning financial services community.”
About M&G Investments
Since 1931, M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. M&G’s investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.
M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has $465.7 billion of assets under management and administration (as at 31 December 2019). M&G plc has over 5 million customers and clients globally, ranging from individual savers and investors to major global financial institutions.
M&G plc, a company incorporated in the United Kingdom, is the direct parent company of The Prudential Assurance Company. The Prudential Assurance Company is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
For more information please visit www.mandg.com
About Anthony Balestrieri, President and Chief Investment Officer, M&G Investments (America), Inc.
Anthony Balestrieri joins M&G Investments (America) Inc from PPM America, where he was an executive vice president and chief investment officer on the total return team. He was responsible for the overseeing and leading several portfolio management, research and trading teams, including total return fixed income, public equity, high yield, bank loan, fixed income research, and public fixed income trading teams. These groups manage a wide spectrum of total return fixed income and equity strategies on behalf of investors globally. Prior to 2003, Anthony was the head of institutional fixed income at Merrill Lynch Investment Managers where he was responsible for overseeing $16 billion of fixed income assets. Previously, he was a senior vice president in charge of the short-term strategies group at Mitchell Hutchins Asset Management.
About Nelson Zamora CFA, Chief Operating Officer, M&G Investments (America) Inc.
Prior to joining M&G, Nelson was Chief Risk Officer and EVP Head of Quantitative Research at PPM America. As Chief Risk Officer Nelson was responsible for the risk management oversight and governance of over $120 billion in assets. As Head of Quantitative research Nelson was responsible for the development of the analytics platform and Quantitative research.
Prior to 2003, Nelson was Managing Director and Head of Applied Research at Merrill Lynch Investment managers overseeing over $220 billion in fixed income assets. As Head of Applied Research Nelson was responsible for the development of the analytics platform and quantitative research methods in the construction of fixed income portfolios. While at MLIM he held several senior positions during his tenure including fixed income research, equity portfolio management, and IT software development; he was with MLIM for 16 years.
Nelson attended Rider University and earned an undergraduate double major B.S.C. in Decision Sciences / Computer Science and Finance. He earned his M.S. in Financial Mathematic from the University of Chicago. Nelson is a CFA charter holder and member of the CFA Institute.
M&G plc, is incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number: 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.