M&G Acquires responsAbility Investments AG

Published on: 06 May 2022
by KnowESG

M&G, a global investment manager, has recently announced the acquisition of responsAbility Investments, a Swiss-based private enterprise and a leader in impact investing, with around 3.7 billion in assets under management as of 2021.

M&G agreed to buy the entire issued share capital of responsAbility. The acquisition will help M&G enhance its capabilities in impact investing. Following the acquisition, M&G could add an investment hub in Zurich, expand and strengthen its international footprint, and improve its existing asset origination capabilities.

responsAbility will continue serving its clients and portfolio companies in over 70 emerging markets even after the acquisition, under the leadership of Chief Executive Officer Rochus Mommartz and his team of around 200 employees. Will Nicoll, M&G Chief Investment, becomes the Chair of responAbility Board.

John Foley, Chief Executive of M&G, said:

“We are delighted to welcome responsAbility to M&G and look forward to working with the team to develop the huge potential this acquisition offers us in the fast-growing market for sustainable and impact investments.”

Jack Daniels, Chief Investment Officer of M&G, said:

“responsAbility brings leading capabilities in impact investment to M&G, which will help us accelerate our ambition to place sustainability at the heart of our investment process. The combination of responsAbility's specialist capabilities and our scale, investment breadth and global distribution reach represent a very powerful proposition in an area where we are seeing strong and growing client demand.”

Rochus Mommartz, Chief Executive Officer of responsAbility, said:

“M&G is committed to our core impact investing purpose and to our innovative spirit. By leveraging their powerful partnership, we will be able to accelerate our most pioneering projects, whether it be helping to drive the transition to Net Zero emissions, finding solutions to invest in sustainable food or increasing access to finance through the latest developments in FinTech.”

Source: M&G