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Piraeus Bank to market M&G mutual funds in Greece

Reuters - UK Focus

ATHENS, June 20 (Reuters) - Piraeus Bank (Athens: 21535576.AT - news) 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 (Shanghai: 603899.SS - news) is the asset management arm of Prudential Plc (SES: K6S.SI - news) with more than 323 billion euros ($373.39 billion) 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," Piraeus Bank said. ($1 = 0.8651 euros) (Reporting by George Georgiopoulos, editing by Louise Heavens)