Man Group plc Directorate and senior management changes (5647B)
June 11 2021 - 2:00AM
UK Regulatory
TIDMEMG
RNS Number : 5647B
Man Group plc
11 June 2021
Directorate and senior management changes
Man Group plc
11 June 2021, London
Man Group plc (the "Company"), announces today the following
changes to its senior management and Board positions, which will
take effect in the second half of the year:
-- Sandy Rattray has informed the Board of his intention to
retire from his role as Chief Investment Officer. Sandy will hand
over his responsibilities over the next few months and will then
leave the Company during the second half of this year;
-- Mark Jones, Chief Financial Officer ("CFO"), will be taking
on the new role of Deputy Chief Executive Officer for Man Group
(the "Group") with responsibility for Man AHL, Man Numeric and the
Group's technology functions. Mark will take on his new role and
step down from the Company's Board following the appointment of the
new CFO; and
-- The Board intends to appoint Antoine Forterre, currently
Co-CEO of Man AHL, as the Group's CFO and as an Executive Director
of the Company. Subject to regulatory approval, he will assume the
CFO role and be appointed to the Board following an orderly
transition from Mark Jones.
John Cryan, Chair of the Board and the Nomination Committee,
commented: " On behalf of the Board, I would like to thank Sandy
for his many years of outstanding service. He has played a huge
part in driving our innovation and growth over that time. We
welcome Mark and Antoine to their new roles as we look forward with
confidence and optimism. Man Group has built a strong and deep
bench of talent under Luke's leadership. Having undertaken a
thorough external benchmarking exercise, the Board is pleased that
we are able to promote internal talent as we continue to develop
and grow our business."
Luke Ellis, CEO of Man Group, said: "I would personally like to
thank Sandy for his fantastic contribution to the firm in his role
as CIO and previously as CEO of Man AHL. He has been at the heart
of our pursuit of excellence in investing, and the cutting-edge
technology that enables it, helping make Man Group what it is
today. However, the silver lining is that I am very excited by the
new appointments, the calibre of the team around me and the bench
strength that we have as we continue our tech-driven growth
journey."
This announcement is made in compliance with the Company's
obligations under Listing Rule 9.6.11.
The Company confirms that no other disclosures are required
pursuant to Listing Rule 9.6.13R.
-Ends-
Enquiries
Man Group
Alex Dee
Head of Investor Relations
+44 20 7144 1370
investor.relations@man.com
Elizabeth Woods
Company Secretary
+44 20 7144 1733
company.secretarial@man.com
Georgiana Brunner
Head of Communications
+ 44 20 7144 1239
media@man.com
About Man Group
Man Group is a global, technology-empowered active investment
management firm focused on delivering alpha and portfolio solutions
for clients. Headquartered in London, we manage $127.0bn (1) and
operate across multiple offices globally.
We invest across a diverse range of strategies and asset
classes, with a mix of long-only and alternative strategies run on
a discretionary and quantitative basis, across liquid and private
markets. Our investment teams work within Man Group's single
operating platform, enabling them to invest with a high degree of
empowerment while benefiting from the collaboration, strength and
resources of the entire firm. Our platform is underpinned by
advanced technology, supporting our investment teams at every stage
of their process, including alpha generation, portfolio management,
trade execution and risk management.
Our clients and the millions of retirees and savers they
represent are at the heart of everything we do. We form deep and
long-lasting relationships and create tailored solutions to help
meet their unique needs. We recognise that responsible investing is
intrinsically linked to our fiduciary duty to our clients, and we
integrate this approach broadly across the firm.
We are committed to creating a diverse and inclusive workplace
where difference is celebrated and everyone has an equal
opportunity to thrive, as well as giving back and contributing
positively to our communities. For more information about Man
Group's global charitable efforts, and our diversity and inclusion
initiatives, please visit:
https://www.man.com/corporate-responsibility
Man Group plc is listed on the London Stock Exchange under the
ticker EMG.LN and is a constituent of the FTSE 250 Index. Further
information can be found at: www.man.com
(1) As at 31 March 2021. All investment management and advisory
services are offered through the investment engines of Man AHL, Man
Numeric, Man GLG, Man FRM and Man Global Private Markets (GPM).
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END
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