The CEO of AXA Investment Managers UK and AXA IM GS, Marcello Arona, has departed the firm to become M&G Investment’s new chief financial officer.
Arona had worked at AXA in various roles since 2005 until becoming its CEO in April 2021. After almost four years at the helm, he now sets his sights on M&G after the retirement of former CFO, Sean Fitzgerald.
Joseph Pinto, chief executive officer of M&G Investments, said: “Marcello has a proven track record of growing and expanding asset management businesses globally.
“I look forward to working with him to drive our growth mission and to deliver exceptional financial outcomes for our clients and customers.”
Prior to his CEO role, Arona spent eight years as chief operation officer of AXA Investment Managers in Italy and another eight years as head of AXA Investment Managers and regional chief financial officer in the US.
M&G’s chief financial officer Kathryn McLeland, added: “He brings a wealth of experience to M&G having spent the majority of his career at the highest levels across the globe within the sector.”