LONDON (ShareCast) - (Sharecast News) - Investment manager M&G has appointed chief financial officer Clare Bousfield to the newly-created role of managing director of Retail & Savings with effect from 1 October.
The company said on Monday that Bousfield will lead the expansion of M&G Wealth in the UK and complete the transformation of the Prudential-branded operations to improve customer outcomes and generate business efficiencies.

Bousfield will hand over her responsibilities as CFO to the deputy CFO, Paul Cooper, who will act on an interim basis while M&G looks for a replacement.

Chief executive John Foley said: "Clare is the ideal leader to bring fresh impetus to this part of our business, given her financial insight, knowledge of the operations and strong relationships.

"This appointment and a number of other leadership changes I am making today position us well for the next phase of M&G's ambitions and our strategy to return to sustainable growth."

Retail & Savings consists of M&G Wealth and the Heritage Business, which includes the Prudential-branded operations in UK and Europe.

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