London-based M&G Investments has appointed Andrew Reid as Head of UK Institutional Distribution.
Reid, who will report into Neil Godfrey, Global Head of Client Group, will lead the distribution team engaging with DB and DC pensions schemes, local government pensions schemes and UK consultants.
He joins from Blackrock where he was Head of the UK DB Relationship Management team, leading a team of relationship managers overseeing the firm’s UK Defined Benefit clients.
With more than two decades of experience across actuarial consulting, strategic client management and product development, he has held senior roles at Insight Investment, Deutsche Bank Credit Suisse and Watson Wyatt (now WTW) and led teams that pioneered pension innovations such as the UK’s first longevity swap – a strategy to improve balance sheet predictability for pension schemes.
Reid joins M&G in February 2026 when he will succeed Grant Hadland.
Said Godfrey: “We look forward to welcoming Andrew to M&G. His leadership and client-focused experience will continue to drive our ambition to be the active manager of choice for institutional clients in our home market. Andrew’s appointment is aligned with our strategic priority to expand our institutional distribution capability to bring our investment expertise to a broader range of clients. I would like to thank Grant for his significant contribution to M&G and wish him the best for the future.”
