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Pru strengthens senior management team

Pru strengthens senior management team

Prudential Portfolio Management Group has appointed two new members to its senior management team.

Michael Coop, head of multi-asset portfolio management, and Ciaran Mulligan, head of manager oversight, have joined the existing team of over 60 economists, portfolio managers, analysts and risk professionals at the asset management business that controls over £155.2bn of Prudential’s investments.

Mr Coop will be responsible for managing Prudential’s with-profits and unit-linked funds, after joining from Ibbotson Associates, based in Sydney, Australia, where most recently he was head of multi-asset strategies.

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Mr Mulligan joined PPMG in May and he now has responsibility for conducting due diligence on those managers employed by PPMG to manage assets on its behalf.

Most recently, he worked at Buck Consultants, which he joined in 2009 from being head of UK manager research for Alexander Forbes group fund of funds business Investment Solutions.

PPMG chief executive Al Denholm commented that the team is centred around making strategic and tactical asset allocation decisions and setting active mandates for fund managers, both internal and external to Prudential.

peter.walker@ft.com