* M&G's Michael McLintock to retire
* Move to occur later in 2016, subject to clearances
* Richards' role at Aberdeen to be split
By Simon Jessop and Carolyn Cohn
LONDON, Feb 1 (Reuters) - Aberdeen Asset Management Chief Investment Officer Anne Richards is to take over as chiefexecutive at rival M&G Investments, the fund arm of insurerPrudential later this year, the firms said on Monday.
Elevation to the top job at M&G is a step-up for Richardswho had overseen investment strategy at emerging markets-focusedAberdeen during a period of market turmoil in which investorshave continued to pull assets from its funds.
The move is set to be completed later in 2016, subject toregulatory approval.
Richards joined Aberdeen - which manages 291 billion poundsin assets - after it bought Edinburgh Fund Managers in 2003. Shejoined the Board in 2011 and was also in charge of operations inEurope, the Middle East and Africa, Aberdeen said in astatement.
Her total pay for the year to Sept. 30, 2015 was 1.9 millionpounds, data from the annual report showed, making her thethird-highest earner at Aberdeen after CEO Martin Gilbert andequities chief Hugh Young.
The move follows a decision by M&G CEO Michael McLintock toretire after 19 years at the company during which he helped thegroup grow assets under management to 248 billion pounds,Prudential said in a separate statement. (Editing by Sinead Cruise)