Emmanuel Roman to Become COO

RNS Number : 9748R

Man Group plc

01 September 2010

 



PRESS RELEASE

1 September 2010

EMMANUEL ROMAN TO BECOME CHIEF OPERATING OFFICER OF MAN

Further to this morning's announcement that Man shareholders have approved the acquisition of GLG Partners Inc., Man is pleased to announce that Emmanuel Roman will assume the newly created role of Chief Operating Officer following completion of the acquisition. 

Pierre Lagrange will continue in his role of Senior Managing Director of GLG, overseeing investment management and running GLG's flagship European long short equity strategy among others.  Noam Gottesman will remain co-CEO of GLG with Emmanuel Roman and will run GLG's global opportunity strategy. Noam, Pierre and Emmanuel will report to Peter Clarke.

Peter Clarke, Chief Executive of Man, comments: "The combination of Man and GLG will bring together a wealth of talent with comprehensive investor solutions and a strong performance focus.  Since joining GLG in 2005, after 18 years with Goldman Sachs, Manny Roman has done a fantastic job in developing its business, alongside Noam and Pierre and the GLG Senior Advisory Group.  I am delighted that Manny has accepted this new broader role, which will leverage his deep trading, operational and business management experience, right across the enlarged group."

ENDS

About Emmanuel Roman

Emmanuel Roman received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a bachelor's degree from the University of Paris in 1985.  

Emmanuel joined Goldman Sachs International Limited in 1987 where over the years he worked in the fixed income, investment banking and capital markets areas and in 1991 he become the co-head of Worldwide Equity Derivatives.  In 1996 Emmanuel became a Managing Director of Goldman Sachs International Limited and in 1998 he was elected to partnership.  In 2001 he was appointed co-head of Worldwide Global Securities Services and in 2003 he also became co-head of the European Equities Division. 

In September 2005, after 18 years at Goldman Sachs International Limited, Emmanuel joined GLG Partners LP as a co-CEO where he focuses primarily on expanding the business, marketing, risk management, operations, technology and compliance.

About Man 

Man is a leading alternative investment management business. With a broad range of funds for institutional and private investors globally, it is known for its performance, innovative product design and investor service. Man's funds under management at 30 June 2010 were $38.5 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 £4 billion.

Man Group 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.

For further information, please contact:

Robert Clow

Senior Communications Officer
Tel: [phone]
[e-mail]

Olivia Tomlin

Senior Communications Officer
Tel: [phone]
[e-mail]

George Trefgarne

Maitland

Tel: [phone]

[e-mail]

This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Shareholders of Man and stockholders of GLG are advised to read carefully the formal documentation in relation to the Acquisition.

The New Man Shares to be issued in connection with the Acquisition to certain holders of GLG Common Stock may not be offered, sold, or, delivered, directly or indirectly, in, into or from the United States absent registration under the US Securities Act or an applicable exemption from registration. On 27 August 2010, Man filed an amended Schedule 13E-3 pursuant to the US Securities Exchange Act of 1934 with the SEC, which incorporates by reference certain information contained in the amended preliminary GLG Proxy Statement which was filed with the SEC by GLG on the same day.  The amended Schedule 13E-3 and the amended preliminary GLG Proxy Statement and other documents filed with the SEC are available free of charge at the SEC's website, www.sec.gov.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

Terms defined in the circular to Man Shareholders dated 6 August 2010 have the same meanings when used in this announcement.

 

END

 

 

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