Tony Brown has been named head of M&G Real Estate following Alex Jeffreyβs appointment to lead the groupβs Asia business.
Brown, was previously chief investment officer at M&G Real Estate since 2014, will split his current responsibilities between two newly created roles.
M&G also said Simon Pilcher, the chief executive of M&Gβs institutional fixed income business, will become executive chairman, providing βstrategic direction to M&G Real Estateβ in addition to his other duties.
The company said the executive chairman role was created following the recent merger of M&G and Prudentialβs UK and European business to form M&G Prudential.
The role has been created to βbroaden the distribution of real estate strategies and accelerate growth,β it said.
Also, Martin Towns has been promoted to head of UK Commercial & Capital Solutions.
M&G also said a head of investment strategy role will also be created to oversee investment governance and drive thought leadership in research and digital innovation.
In November last year, M&G said Jeffrey will become head of M&Gβs Asia business in the second quarter of 2018, a move the company says reflects βthe growing importance of its investment and distributionβ in the region.
