Directorate Change

RNS Number : 1157T

Man Group plc

01 December 2011

 



1 December, 2011

MAN ANNOUNCES BOARD CHANGE

Man Group plc ("Man") today announces that Ruud Hendriks, a non-executive director, will be appointed as non-executive Chairman of Man's Institutional Department and will step down from the Board. Ruud's change of role will be effective from 1 December, 2011.

Ruud has a lifetime's experience in institutional sales, having previously been a Managing Director and Co-Head of Sales for Europe, Middle East and Africa at Goldman Sachs and Global Head of Institutional Sales for Robeco, a leading international asset manager. 

Jon Aisbitt, Chairman of Man, said:

"While we are sorry to see Ruud step down from the Board, I am delighted that he has accepted this new advisory role.  His extensive experience and relationships with institutional investors in Europe will bring significant value to Man and our clients."

ENDS

Enquiries

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Head of Media Relations

Man Group

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Man Group
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About Man

Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. As at 30 September 2011, Man managed $64.5 billion. The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index, with a market capitalisation of around £2.7 billion.

Man is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com

 

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