M&G names Andrea Rossi as next chief executive

Replaces John Foley who stepped down after seven years

Savings and investment business M&G has named Andrea Rossi as its next chief executive and executive director.

Rossi, who will start 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.  M&G profits nearly halve despite return to inflows 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 ...