M&G has appointed Paul Faragher to its wholesale distribution in the UK as a sales director. Mr Faragher’s focus will be on servicing the majority of M&G’s London clients, working closely with wealth managers, financial advisers and research analysts.

The new hire has more than 15 years of sales and distribution experience with the bulk of this time spent at BNY Mellon and more recently at Jupiter Asset Management. Mr Faragher’s arrival follows Alex Matcham’s promotion to head of UK wholesale distribution last year.

Mr Matcham said: “We’re delighted to welcome Paul to M&G. He brings with him a wealth of knowledge and experience in asset management distribution and I’m confident he will be able to continue to provide our clients with the high standards of service they have come to expect from us.”

M&G was listed as an independent company on the London Stock Exchange in October 2019 and currently has £367 billion of assets under management.