As part of the presentation of its annual results, M&G announced that it continues to expand its international presence in the asset management business. In fact, third-party assets outside the United Kingdom increased to reach 142.54 billion dollars, compared to the 118 billion recorded at the end of 2024.
According to Andrea Rossi, Group CEO, 2025 was a year of strong commercial momentum and strategic progress for M&G. “We continue to invest in our business, laying the foundations for long-term growth and expanding our distribution and investment capabilities internationally. In May, we also closed a long-term strategic partnership with Dai-ichi Life HD, which is now our largest shareholder,” he noted.
The asset manager states that its strategic priorities are clear: maintaining its financial strength, continuing to simplify the business, and driving sustainable growth across all markets and segments. One of these markets is the Americas, where the company’s business includes U.S. offshore, institutional clients in Latin America, as well as institutional markets in the United States and Canada.
“Our growth strategy is tailored to each market, with a strong focus on understanding local client needs and offering a broad range of investment solutions. Across the region, we are focused on delivering differentiated capabilities in both public and private markets, leveraging M&G’s global investment platform while adapting distribution and product positioning to each segment,” said Ignacio Rodríguez Añino, Head of Distribution for the Americas at M&G.
Reviewing 2025, Rodríguez noted that the asset manager’s growth in the Americas was driven primarily by non-U.S. equity and fixed income strategies, along with structured credit in the institutional channel. “We also saw growing client interest in diversifying beyond U.S.-focused exposures. Looking ahead, we expect this trend to continue, with increased demand for international diversification, including European equities, Japan, emerging markets, and structured credit solutions, especially among institutional investors,” he stated.
Iberian market
Another key market for the asset manager is Iberia, where it closed 2025 with 9.4 billion dollars (8.2 billion euros) in assets under management in Spain, a significant milestone as it marked 20 years in the market. Under the leadership of Alicia García Santos, Head of M&G for Spain, Portugal, and Andorra, the firm’s assets under management have grown steadily from 5.2 billion euros in 2020 to 8.2 billion in 2025, supported by the strengthening of its local presence with a team of 20 professionals in distribution and investment, including specialists in public fixed income, private debt, and real estate.
According to García, the main drivers of growth in 2025 were strong demand for its public fixed income and European equity strategies, complemented to a lesser extent by activity in ABS. “We have also continued to diversify our client base and expand our strategic offering, with institutional investors now representing a significant part of our business, which is now much more diversified,” she added.
García highlighted that M&G’s expansion in private markets, through Catalyst, responsAbility, PCP, and BauMont, continues to strengthen its capabilities and its ability to meet the evolving needs of clients in the region. She noted that in 2025, “M&G also reinforced its role in the real economy by channeling institutional capital into areas where investment is most needed.”
By Magdalena Martínez
By Gabriela Huerta