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Wagstaff set to join New Star

Wagstaff will start in September. He was most recently managing director of M&G’s UK retail business with 15bn under management. He resigned in June 2004 after seven years at M&G, saying he wanted to spend time with his family before thinking about his next move.

The announcement comes as New Star plans to increase its market share overseas, opening offices in Switzerland, Spain, France and the Nordic region. It is developing sales relationships with banks and insurers in Hong Kong, Taiwan and Singapore.

Wagstaff will report to managing director of sales and marketing Mark Skinner, who will now be able to concentrate on strengthening international retail sales and marketing. Marketing director Rob Page will also take on international marketing responsibilities.

Skinner says: “Wagstaff’s appointment will allow us to develop our international funds business.”

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