Man Group, a London-based asset manager, has appointed former British trade minister Lord Livingston as its new chairman, subject to regulatory approval.
Livingston will be replacing Jon Aisbitt, who is set to retire during the company’s 2016 annual meeting.
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Livingston was also the former chairman of British Telecom from 2008 to 2013.
In 2013, he joined the government of Prime Minister David Cameron as trade minister, a role that ended with a new cabinet after elections in May 2015.
Aisbitt, a former Goldman Sachs Group executive, will step down after 12 years on the Man board, including eight years as chairman.
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