M&G creates £28bn wealth management arm after Ascentric deal

David Montgomery named MD

David Montgomery will become MD of M&G Wealth Management

David Montgomery will become MD of M&G Wealth Management

M&G is to combine several of its businesses into a new £28bn wealth management division.

M&G Wealth Management will comprise Ascentric - the platform business it acquired earlier in September from Royal London - along with its direct funds arm and two financial advice units, Prudential Financial...

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