“We take a team-based approach to managing our range of multi-asset funds and I’m delighted that the appointment of Michael and Ciaran will further strengthen the knowledge and expertise in the senior management team as we work with Prudential UK to build upon the range of investment propositions we offer,” said Al Denholm, chief executive of PPMG.

PPMG is the manager of managers for the Prudential Group in the UK and is responsible for managing Prudential UK’s fund ranges.

Newly-appointed Michael Coop said: “Prudential has established itself as a stand-out multi-asset player in the UK, particularly in the with-profits space where in recent years the PruFund range has been a runaway success.”

Ciaran Mulligan, head of manager oversight, said: “It’s an exciting time to join PPMG. We’re seeing a growth in demand for multi-asset propositions in the wake of the pension reforms.”