M&G hires seven-strong Asia Pacific equities team; Du Preez steps down

New posts in London, Singapore and Hong Kong

M&G has hired a new Asia Pacific equities team from Oxford-based boutique Port Meadow Capital Management, and as a result Johan Du Preez is stepping down from the management of two Japan funds with immediate effect.

Du Preez will leave his management role on the M&G Japan and M&G Japan Smaller Companies funds, with Port Meadow's Carl Vine taking over the lead on the vehicles, subject to regulatory approval. In the interim period before Vine joins M&G, the OEIC and SICAV versions of the two funds will be managed by Shane Kelly, who runs the M&G Global Recovery fund. Vine will also co-lead the new team with Dave Perrett, while five other investment professionals specialising in Asian developed and developing markets are also joining M&G from the same boutique firm. In London, Valentina Luo is jo...