M&G PLC

Financial

M&G PLC is a global investment manager headquartered in London, which was floated in 1848 with its first product loan secured by life assurance, which aimed to provide financial security to middle-class professionals. The company started with five door-to-door agents. In 1865, M&G acquired the consolidated Life Assurance Company and became the leading life assurance company in the UK. In 1921, it started general insurance business in France and later in 1930 started Life Insurance Company in India. In 1924, M&G got listed on the London Stock Exchange. It floated its first mutual fund in 1931. The M&G brand includes M&G Investments, M&G Real Estate, Prudential, M&G Wealth and Infracapital.

Its goal is to become the most trusted saving and investment business and help its customers in managing, saving, and growing their wealth by investing in various asset classes. The M&G Investment was established in 1931 as an international asset manager. The Prudential was founded in 1848 and managed long-team savings of customers in the UK and Europe. The M&G Real Estate is the world’s largest commercial property investors. The Infracapital invest and builds infrastructure to fulfill society needs. M&G Wealth was established in 2020 and provides wealth management services to its customers.

The company’s customer base includes 5.3 million retail customers and more than 800 institutional clients across the world. M&G covers 28 markets globally in five continents and have 25 offices worldwide. M&G has a strong team of 5,961 employees, of which 45% are women.

The two core segments are: Saving and Asset Management; and Heritage. M&G provides its retail, wholesale and institutional customers with saving and asset management services supported by investment management capabilities. It provides a range of services such as mutual funds to smoothed solutions all backed by profitable funds.  In the UK, the services are provided to retail clients by financial advisors and M&G’s wealth management platform. M&G has tied up with local and global banks to provide services in other areas. Services are provided directly or via consultants to institutional clients.

The Heritage segment generates consistent income to be paid them after retirement to annuity customers.

Contact Information

company address 10 Fenchurch Avenue EC3M 5AG United Kingdom

company phone+44.20.76264588

company websitehttps://www.mandgplc.com/

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