M&G appoints Charles de Quinsonas as Head of Emerging Markets Debt amid leadership transition
24 JUL, 2025
By Jose Luis Palmer from RankiaPro Europe
M&G has named Charles de Quinsonas as Head of Emerging Markets Debt, succeeding Claudia Calich, who is retiring after more than 30 years in investment management. The announcement marks a leadership transition within M&G’s £138 billion fixed income division, where its $5 billion EM Debt platform has been developed under Calich’s stewardship since 2013.
De Quinsonas has over 15 years of experience in emerging markets debt, including a decade managing blended, sovereign, and corporate bond strategies at M&G. His expertise in high yield credit and fundamental credit analysis has been central to the firm’s approach in navigating sub-investment grade issuers in less efficient markets.
Expansion of team with new Latin America specialist
To support the EM Debt team’s continued growth, M&G has also appointed Carlos Carranza as a Senior Fund Manager, joining in October from Allianz Global Investors. Carranza brings two decades of experience with a focus on Latin America, having started his career at JP Morgan in 2005. At M&G, he will oversee local and hard currency sovereign debt strategies, applying macroeconomic and ESG frameworks developed during his previous roles.
Charles has consistently demonstrated his investment acumen across M&G’s blended, sovereign and corporate EM bond funds in the past decade. His 12-year partnership with Claudia and contribution to the growth of the team provides continuity of leadership for our emerging market strategies. This appointment is testament to our succession planning, enabling the team to navigate this dynamic part of the fixed income universe to provide superior investment performance to our clients.
In Claudia, we’re not just bidding farewell to an exceptional fund manager, but to someone who has been deeply dedicated to nurturing and mentoring the next generation of investment talent. She will be missed – we thank her for her immense contribution, not only to M&G but to the industry as a whole, and wish her well for her retirement.
According to Andy Chorlton, CIO of Fixed Income
During my three decades in the City and Wall Street, the emerging market debt universe has undergone profound transformation, evolving from a niche, distressed asset class into a dynamic and diverse segment of fixed income.
It has been a pleasure working with Charles and the team. His investment acumen and understanding of the sector are unparalleled and his exceptional leadership will undoubtedly take the team to even greater success.
Claudia Calich
Charles de Quinsonas highlighted the current investment environment as favourable for emerging markets, citing improved fundamentals and shifting global sentiment as catalysts for renewed investor interest in the asset class.
Claudia has been an inspirational investor and a mentor with a long-lasting legacy, thanks to her invaluable guidance and support. I am proud to take up the leadership of the team at such an exciting time and I wish her all the best for the time ahead away from the financial markets. We look forward to welcoming Carlos to M&G, who has excellent experience in managing both Latin American and emerging market portfolios, which will be a tremendous asset to our team.
In the face of an increasingly volatile landscape dominated by geopolitics, emerging market debt offers a beacon of opportunity for investors seeking diversification and yield, particularly as sentiment shifts and the narrative of US exceptionalism wanes. The combination of robust fundamentals and the shifting global narrative has bolstered many emerging economies, helping the asset class to regain its appeal and challenge past assumptions of its fragility – despite trade tensions and geopolitical risk. Now more than ever, investors should look beyond traditional markets to harness the potential of emerging economies.
Charles de Quinsonas
