M&G loses equities chief executive

Ed-Rosengarten_410M&G Investments has lost its chief executive of equities, Ed Rosengarten, to a small privately owned firm with asset management ambitions. Rosengarten was appointed to the newly created position of head of asset management at Eden. His mandate will be to lead Eden’s expansion into asset management by creating a range of third party funds and bringing new investment managers on board. The new funds will target intermediaries, wholesale and institutional clients. In his new role, Rosengarten will also be responsible for further developing Eden’s growing private client business. Stephen Massey, chairman of Eden, said: “This [Rosengarten’s appointment] will build on our strong investment-led approach for private clients, and capitalise on the opportunities we see to expand our investment offering to intermediaries, wholesale and institutional clients.” Ed Rosengarten said he looked forward to the opportunity to “build on this [Eden’s] solid foundation to create an exemplary asset management business, one that provides the optimal environment to attract high calibre investment managers and delivers a range of compelling funds for clients.” ©2011 funds europe

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