Phil Cliff has been appointed as manager of the M&G pan European dividend fund, replacing Richard Halle.
Cliff joined M&G in Janauary, having previously worked at Threadneedle. The news will see Halle concentrate full-time on his European value portfolios.
Randeep Somel has been appointed as co-manager on the M&G managed growth fund, having previously been deputy manager on the £1.2 billion fund.
Somel will work alongside Graham French on the fund and will continue as deputy fund manager on the M&G global basics fund.