Andrea Rossi has been named chief executive officer of global investment manager M&G

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The global investment firm M&G is pleased to announce the selection of Andrea Rossi as its chief executive director and executive director beginning on October 10.

Rossi succeeds John Foley, who in April announced that he was retiring within seven years from the position. Foley will be retiring as executive director and CEO on October 10, but will stay in M&G as an advisor until December 31 to ensure a smooth transition.

Rossi was the former chief executive officer at AXA Investment Managers and a member of the Executive Committee in AXA Group for six years. Rossi also held senior positions in AXA’s insurance division across Europe as well as internationally.

Recently, Rossi has been a senior advisor to Boston Consulting Group. He is set to retire from the position following his appointment as a director at M&G. He is co-founder of REsustain the company that focuses on reducing carbon emissions of commercial property which is where he remains an executive director who is not a shareholder.