M&G has appointed Nadia Nikolova as the new CEO of responsAbility, its impact investment arm.

Nikolova was previously head of direct lending at Allianz Global Investors. Founded in 2003, responsAbility specialises in deploying capital into emerging markets. Its core themes include financial inclusion, climate finance, and sustainable food.

Nikolova will report to Emmanuel Deblanc, chief investment officer of private markets at M&G Investments and chair of responsAbility.

Deblanc said, “We look forward to welcoming Nadia to responsAbility – a business that is important to the growth of our private markets strategy as investors seek managers with proven track records in financial inclusion, climate finance and sustainable food. responsAbility has unrivalled expertise in these areas, which benefit M&G’s wider €90 billion private markets business, and with Nadia’s leadership and success in scaling impact strategies, we will further our ambitions to the benefit of society, the environment and investors.”

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