Alex Jeffrey is stepping down as CEO of M&G Real Estate next April to take up a new role as head of M&G's Asian business.
PropertyEU understands that Jeffrey will relocate to Singapore next year to head up all of M&G’s businesses in Asia.
As a result of his new role, he will step down from his current duties in Q2 2018 and Simon Pilcher, chief executive of M&G’s Institutional Fixed Income business, will assume accountability for M&G Real Estate at board level. The longer term plan for the restructure of M&G Real Estate is to be decided in due course.
During Jeffrey's five-year tenure, M&G's global property portfolio has grown from around £15 bn in assets under management to more than £26 bn.
Before M&G, Jeffrey was global investment officer at MGPA.
