BUSINESS

Piraeus Bank to market M&G mutual funds in Greece

GEORGE GEORGIOPOULOS

TAGS: Economy, Banking

Piraeus Bank signed a distribution deal with asset manager M&G Investments to market its mutual funds, Greece’s largest lender by assets said on Wednesday.

M&G is the asset management arm of Prudential Plc with more than 323 billion euros of assets under management for institutional and individual clients.

M&G will be the latest of 14 leading asset managers with which Piraeus has a distribution relationship.

“The addition of M&G will expand the investment product offering of the bank, giving its most sophisticated customers the necessary tools to achieve their investment goals,” the bank said. [Reuters]

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