Since M&G was established in 1931, we have firmly believed in offering our customers straightforward products, together with clear and balanced information, to help them make the right investment decisions for their needs – a belief that still holds true today. Now, more than 80 years later, we have international presence within Europe and Asia and we are one of the largest active investors in the UK with over £200 billion* of funds under management invested in equities, fixed income and property. We manage assets on behalf of a wide variety of investors across the UK, Europe, Asia, the Americas and South Africa.
More importantly, we remain at the forefront of investment thinking, constantly seeking to develop our funds and product range to provide the best investment opportunities for our customers.
*As at December 2011
Consistent success and innovation
At M&G, originality and innovation are in our genes:We introduced the UK’s first unit trust on St George’s Day, 23 April 1931. We successfully lobbied for regulation of the industry back in 1939. In 1954, we introduced the UK’s first regular Savings Plan, in which you could invest just five shillings a week. We were the first UK fund manager to invest in international markets. We launched the UK’s first pure corporate and high yield corporate bond funds. We introduced the UK’s first no initial charge PEP. M&G Investment Management are one of the largest investors in corporate bonds in the UK. M&G launched the first ever European Leveraged Loan fund in August 2005.
Career challenge and opportunities
For those committed to improving themselves, a career with M&G can offer you a constant stream of fresh challenges, so you’ll always be stretching yourself and learning new skills. What’s more, you will be part of a culture that rewards high performance with financial incentives and increased opportunities. We’re flexible enough to accommodate the most ambitious of career aspirations, offering training that’s tailored to your personal needs and our large and growing business creates countless opportunities.
We go out of our way to attract, retain and develop a diverse pool of talent. We believe that by building the capability of employees from varied backgrounds, and helping them to reach their full potential, M&G is better placed to generate new ideas and products to keep us at the forefront of the industry.
Commitment to employee development
M&G encourages extensive in-house and external training that underpins the development of core skills within the organisation, supports employees' personal development and the delivery of performance objectives. M&G also encourages an environment of continuous learning and knowledge sharing, supported through regular business awareness sessions, structured development programmes, the-I (an online learning platform), and where appropriate, projects and placements.
Glossary of Terms:
Active investor: Investors are generally split into 'active' and 'passive' groups. Passive investors simply buy a small amount of every stock in an index (for example the FTSE 100 share index) so that their investments follow or 'track' the performance of the overall market. Active investors try to 'beat the market' by buying only those stocks that they expect to perform better than the index.
Equities: Equities, or 'shares', represent a share in the ownership of a company. Buying shares entitles an investor to a portion of that company's profits as well as a say in how it is run.
Fixed Income: Fixed income investments make payments to their owners that are set ('fixed') at the outset. This contrasts with Equities or ‘shares’ which pay dividends that vary with a company's profitability. Fixed income investments are generally more predictable and therefore seen as lower risk than shares which can be quite volatile. Fixed income investments include corporate bonds, government debt (such as UK Gilts) and loans.
Corporate Bond: Corporate bonds are a type of loan taken out by companies and falls under the category of ‘Fixed Income’ described above. Unlike a traditional bank-loan, where the company would borrow from a single lender, the company effectively writes and sells a series of 'IOUs'. These IOUs (the corporate bonds) are sold to investors - raising money for the company - who can then buy and sell them amongst themselves. Because the bonds can be bought and sold investors can get their money back at any time, which makes them more attractive than a loan that has to be made for a fixed period of time.
Leveraged Loan: Leveraged finance is funding a company or business unit with more debt than would be considered normal for that company or industry. More-than-normal debt implies that the funding is riskier, and therefore more costly, than normal borrowing. As a result, levered finance is commonly employed to achieve a specific, often temporary, objective: to make an acquisition, to effect a buy-out, to repurchase shares or fund a one-time dividend, or to invest in a self-sustaining cash-generating asset. Loans made to companies that already have significant levels of debt. These loans tend to have higher rates of interest so can be attractive to investors, but are generally higher risk because they may not be paid back in full.
PEP: Personal Equity Plan - a tax efficient savings product that was replaced by the stocks and shares ISA in 1999.
We are looking for individuals who are genuinely passionate about the Investment Management industry and who want to stretch themselves in order to ensure that as a business we continue to provide the best possible performance and service for our customers. We look for our employees to match our high integrity approach, to be proactive and delivery focussed and to continually seek to improve themselves and M&G.
Laurence Pountney Hill