Directorate Change

RNS Number : 8919L

Man Group plc

11 September 2019

 

Directorate Change

Man Group plc ("Man" or the "Company") announces today that Jonathan Sorrell has informed the Board of the Company of his intention to step down as President and as an Executive Director of the Company to take on a new role outside of the firm.  Jonathan will step down from his role as an Executive Director on the Company's Board with immediate effect but will remain with Man for the time required to facilitate an orderly transition of his responsibilities.

Luke Ellis, Chief Executive Officer of Man, commented: "Jon has contributed hugely to the firm over the past eight years, first as CFO and then as President. Among his many achievements, Jon was instrumental in managing the firm's cost base during particularly challenging times for the business, helping to create the strong, resilient firm we have today.

"More recently, as President, he has championed our important move into private markets and helped establish a strategic vision and first-class distribution platform with our sales team, creating foundations that will stand us in good stead for years to come. We wish Jon all the best in his new role."

The information required under section 430(2B) of the UK Companies Act 2006 will be made available on the Company's website.

Enquiries

Fiona Smart

Head of Investor Relations

[phone]

[e-mail]

Georgiana Brunner

Director of Communications

[phone]

[e-mail]   

Finsbury

Michael Turner

[phone]

[e-mail]

About Man Group

Man Group is a global active investment management firm, which runs $114.4 billion¹ of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across 25 jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm's single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group's investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate efficient exposure to markets and effective collaboration across the organisation.

Through the Man Charitable Trust and the Man US Charitable Foundation, Man Group is committed to promoting literacy and numeracy on a global scale, and to supporting charitable causes more broadly.

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.

For more information about Man Group's commitment to responsible investment, please visit www.man.com/responsible-investment.

1 As at 30 June 2019. All investment management and advisory services are offered through the investment "engines" of Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.

 

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