M&G names Andrea Rossi as next chief executive

Rossi, who starts the top job on 10 October, takes over from John Foley. Foley announced his intention to retire after seven years in the job earlier this year. He will remain with M&G in an advisory capacity until the end of the year to ensure an orderly transition, the business said.  Rossi will earn a base salary of £875,000 a year with a significant bonus package, M&G revealed.  He has a 22-year track record in the global insurance and asset management sectors, mainly through his time at AXA Group. He was CEO of AXA Investment Managers and a member of the group executive commit...