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New Era for M&G Real Estate: Martin Towns Takes the Helm

    As Tony Brown prepares to retire after a storied 35-year career in infrastructure and real estate investment, M&G has announced a significant leadership change. Effective July 1, Martin Towns will assume the role of global head of M&G's $42bn (£31.9bn) real estate business.

    Towns, who has spent 15 years at M&G, brings a wealth of experience to the position. He previously served as deputy global head of M&G Real Estate and played a pivotal role in expanding the company's presence in residential and private assets. His tenure saw the establishment of M&G's capital solutions business in 2015 and the majority acquisition of BauMont Real Estate Capital.

    As Towns takes the reins, he expressed enthusiasm for the opportunities ahead: "We're poised to capitalize on a dynamic property cycle, with our teams uniquely positioned to tap into emerging markets. This presents a thrilling chance for us to innovate and cater to evolving investor needs."

    Brown, who will be retiring after 11 years at M&G, reflected on his time in the industry, saying: "I'm proud of the talent within our business and confident that Martin will drive future growth and innovation, taking M&G Real Estate to new heights."