Head of multi-asset departs £173 billion PPMG

Michael Coop, who joined multi-asset specialist PPMG – which manages parent company Prudential’s assets – in July 2015, left at the end of November, according to regulatory filings.

PPMG was set up in 2014 and invests across equities, fixed income, alternatives, hedge funds and infrastructure. It invests with both internal managers, such as M&G Investments and Eastspring Investments, as well as external funds houses.

According to his LinkedIn profile, Coop joined from Ibbotson Associates, an Australian adviser owned by Morningstar.

A spokesman for PPMG said: “PPMG’s robust investment model is structured around a team of over 80 people, including experienced investment professionals, and draws upon the market-leading expertise across the Prudential Group globally.”

He added that the group wished Coop “well with his future endeavours”.

Coop could not be reached for comment.

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