* M&G's Michael McLintock to retire
* Move to occur later in 2016, subject to clearances
* Shares in Prudential lead FTSE 100 lower after news (Adds details)
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, following the retirement ofM&G's veteran CEO Michael McLintock, the firms said on Monday.
The move, to be completed later in 2016, will see Richardscement her place as one of the most high-profile women in the UKfinancial services industry, having overseen investment strategyat emerging markets-focused Aberdeen during a period of intensemarket turmoil during which investors have continued to pull outmoney from its funds.
She joined Aberdeen - which manages 291 billion pounds inassets - after it bought Edinburgh Fund Managers in 2003, andhad previously worked at JP Morgan Investment Management andMercury Asset Management.
The move follows a decision by McLintock to retire after 19years at the company, Prudential said in a separate statement,during which time he had helped the group grow assets undermanagement to 248 billion pounds.
It is the latest in a series of senior departures atPrudential since Mike Wells took over as CEO from Tidjane Thiamlast summer. These include the surprise departure of UK chiefJackie Hunt and chief risk officer Pierre-Olivier Bouee.
Shares in Prudential were down 3.4 percent at 1,320 pence by1021 GMT, while Aberdeen was down 1.74 percent at 242 pence, twoof the day's biggest fallers in the FTSE 100.
After joining M&G in 1992, McLintock oversaw its acquisitionby Prudential in 1999 and led a period of strong growth thathelped him rise to be one of the industry's highest paidexecutives earning more than 5 million pounds a year.
Richards' basic salary would be 400,000 pounds, the groupsaid in a statement but her bonus could be 600 percent of baseor 0.75 percent of M&G's profit on an IFRS accounting basis,whichever is smaller.
As a result of Richards' move, the chief investment officerrole at Aberdeen would be split, a company spokesperson said.
Current Global Head of Alternatives, Andrew McCaffery, willtake over as head of the company's Solutions business, whichincludes multi-asset, alternatives and quantitative investing,Aberdeen said in its statement.
McCaffery will report to Hugh Young, who also heads up thegroup's equities, fixed income and property businesses. AndrewLaing, the group's deputy chief executive, will assumeresponsibility for the operations in EMEA, Aberdeen said.($1 = 0.7 pounds) (Editing by Sinead Cruise, Greg Mahlich)
