MOVES-M&G's Jones to retire as head of corporate finance

LONDON, Feb 16 (IFR) - M&G Investments said on Tuesday its veteran head of corporate finance, Huw Jones, is to retire and will be replaced by Rupert Krefting, who will join from Numis Securities.

M&G, the investment arm of insurer Prudential (HKSE: 2378.HK - news) with £248bn of assets under investment, said Krefting will join in March from Numis, where he is a director in its corporate broking and advisory business.

Before joining Numis in 2008, Krefting held senior roles at Investec (LSE: INVP.L - news) and Panmure Gordon. He is a chartered accountant.

Jones has had a 44-year career in corporate governance, first with Prudential and then with M&G for the past 17 years.

"His knowledge of British boardrooms is unparalleled and he is held in the deepest respect across the City," said Michael McLintock, chief executive of M&G Investments.

Long-time CEO McLintock is also retiring later this year and will be replaced by Aberdeen Asset Management (Other OTC: ABDNF - news) chief investment officer Anne Richards, Prudential said earlier this month. (Reporting by Steve Slater; Editing by Ian Edmondson)