M&G plc, the London-headquartered global investment manager, announced the appointment of Martin Towns as the global head of its $42 billion real estate business, effective July 1.
Towns, who is currently deputy global head of M&G Real Estate, will replace Tony Brown, who is retiring after a 35-year career and relocating to Australia.
“Reflecting on my time in the real estate industry has been immensely gratifying,” said Brown. “I’m also very proud of the talent we have within the business and with Martin driving future growth and innovation, I’m sure he will take M&G Real Estate to even greater heights.”
“M&G has long been at the forefront of real estate investing, providing access to innovative strategies and supporting global investors in achieving their long-term goals,” said Towns. “As we enter this dynamic next phase of the property cycle we see many compelling new opportunities across global markets, which our teams are ideally placed to tap into. I am excited by the opportunity this brings for us as a major investor as we look to further cater to the fast-evolving needs of our investors.”
