M&G has appointed Martin Towns as global head of its $42bn real estate business, as current head Tony Brown retires from his 35-year career.
Effective 1 July 2025, Towns will step up from his role as deputy global head of M&G Real Estate. He has spent 15 years at M&G, also in fund manager roles, and was instrumental in M&G’s entry into the residential sector in 2013, and the firm’s establishment of its capital partnerships business, Capital Solutions, in 2015.
Tony has spent 11 years with M&G and will be relocating to Australia after the handover of the business.
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Brown commented: “Reflecting on my time in the real estate industry has been immensely gratifying. I’m also very proud of the talent we have within the business and with Martin driving future growth and innovation, I’m sure he will take M&G Real Estate to even greater heights.”
New head Towns added: “M&G has long been at the forefront of real estate investing, providing access to innovative strategies and supporting global investors in achieving their long-term goals. As we enter this dynamic next phase of the property cycle we see many compelling new opportunities across global markets, which our teams are ideally placed to tap into. I am excited by the opportunity this brings for us as a major investor as we look to further cater to the fast-evolving needs of our investors.”