M&G has appointed Charles de Quinsonas as Head of Emerging Markets Debt (EM Debt) – part of M&G’s £138 billion Fixed Income business – following the retirement of  Claudia Calich after more than three decades of investing.

In addition, M&G has appointed Carlos Carranza as a Senior Emerging Markets Debt Fund Manager, who joins in October from Allianz Global Investors.

De Quinsonas has more than 15 years of EM debt investment experience, with a track record in managing various EM Debt blended, sovereign and corporate bond funds;

Carranza – a dedicated Latin America specialist – brings more than 20 years of investment experience, having begun his career as an Emerging Market Debt Analyst at JP Morgan in 2005, where he remained until 2021.

At M&G, Carlos will manage Local and Hard Currency Sovereign Debt strategies, leveraging his expertise in hard currency, sovereign, local rates and foreign exchange.

Calich’s career has been focused on EM Debt and since she established M&G’s emerging market debt capability when she joined in 2013, the business has grown into a $5 billion platform, supported by a team of EMD specialists.

Andy Chorlton, Chief Investment Officer of M&G’s Fixed Income business, said: “Charles has consistently demonstrated his investment acumen across M&G’s blended, sovereign and corporate EM bond funds in the past decade. His 12-year partnership with Claudia and contribution to the growth of the team provides continuity of leadership for our emerging market strategies. This appointment is testament to our succession planning, enabling the team to navigate this dynamic part of the fixed income universe to provide superior investment performance to our clients.

“In Claudia, we’re not just bidding farewell to an exceptional fund manager, but to someone who has been deeply dedicated to nurturing and mentoring the next generation of investment talent. She will be missed – we thank her for her immense contribution, not only to M&G but to the industry as a whole, and wish her well for her retirement.”