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-
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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 $127.0bn1 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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