M&G changes management of climate solutions fund

New manager John William Olsen

M&G has changed the management of the firm’s Climate Solutions fund, as well as the Luxembourg domiciled equivalent of the fund.

Incumbent manager Randeep Somel is set to leave the firm and the asset management industry on 21 October, which M&G said was "to take up a corporate role". John William Olsen, who currently leads the firm's listed equity impact team, has since been appointed manager of the fund, with Jasveet Brar deputising. Meanwhile, Ben-Constable Maxwell will continue in his role as impact lead on the team's impact fund range, which he helped develop with Olsen in 2018. Rapid growth of sustainable investment poses challenges for fund boards To support the team, Michael Rae, an equity sector a...