M&G Investments has appointed Alex Jeffrey as the new Chief Executive of PRUPIM, its real estate fund management business. Jeffrey joins from MGPA, the independent private equity real estate investment advisory business, where he has held various senior roles over the past 13 years, including most recently Global Chief Investment Officer based in Singapore.

On his arrival at M&G in London, expected in July 2012, Jeffrey will join the main board of M&G and report to Michael McLintock, M&G’s Chief Executive.

Martin Moore, PRUPIM Managing Director for the past 15 years, will then become Chairman of the real estate fund management business to ensure a smooth handover to Alex. He has already expressed his intention to retire after 2012.

Jeffrey brings to M&G more than 15 years of experience of global real estate investment management. As European CEO for MGPA, he led the growth of its operation based in London. Prior to joining MGPA, Jeffrey worked in a series of senior investment management and corporate finance roles for Lend Lease Corporation, JP Morgan and HSBC.

McLintock says: “We are delighted that Alex is joining M&G. With an impressive record of leadership roles in the international real estate investment sector, Alex is extremely well-qualified to lead the next phase of PRUPIM’s growth.”

Jeffrey says: “I am looking forward to joining one of the world’s leading real estate fund management businesses. PRUPIM has an enviably long record of successful property investment. As part of M&G, an investment manager with strength in depth across all the major asset classes, PRUPIM is well positioned to offer its clients a range of innovative strategies.”