M&G Investments has appointed Andrew Reid to be head of UK institutional distribution.
In this role he will lead the team engaging with DC and DB pensions schemes, Local Government Pensions Schemes and UK consultants, responsible for millions of people’s retirement savings across the UK.
Reid will take up the post in February 2026, and joins from BlackRock, where he was head of the UK DB relationship management team. He has also previously worked for Watson Wyatt (now part of WTW) and Deutsche Bank Credit Suisse.
In total Reid has more than two decades of experience across actuarial consulting, strategic client management and product development, leading the team that pioneered the UK’s first longevity swap.
In this new role he will report to Neil Godfrey, M&G Investments’ global head of client group.
M&G manages £44.7bn on behalf of UK institutional clients across all major asset classes – many investing alongside M&G’s life business in fixed income and private markets strategies.
M&G currently has around £100bn invested in the UK economy and is a leading European investor in private markets – asset classes that have seen significant growth from institutional investors in recent years.
This role was previously held by Grant Hadland.
M&G global head of client group Neil Godfrey says: “[Reid’s] 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.
“This appointment is aligned with our strategic priority to expand our institutional distribution capability to bring our investment expertise to a broader range of clients.”
Reid adds: “The strength of M&G’s distribution, investment capability and the alignment between the asset manager and asset owner are a powerful foundation for success.
“These qualities will enable us to navigate the evolving DB and DC landscape with confidence, delivering solutions that meet the changing needs of institutional clients.”