British investment firm Man Group has picked former Deutsche Bank CEO John Cryan as its new chairman.
He will replace Ian Livingston, who decided to relinquish the role after almost four years. He will assume the new responsibility in January next year.
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He took over Deutsche Bank leadership in June 2015, following the resignation of previous co-CEOs Anshu Jain and Juergen Fitschen.
Cryan left Deutsche Bank in April last year after less than three years at the helm. He was replaced by Christian Sewing at Deutsche Bank.
Cryan is currently the chairman of XCyber Group . Prior to Deutsche Bank, he was held various senior positions at Swiss banking giant UBS including group CFO and chairman and CEO of UBS AG EMEA.
Overall, he has more than 25 years of experience in the banking industry.
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By GlobalDataCommenting on the appointment, Man Group senior independent director Richard Berliand said: “John has deep financial and regulatory experience gained at leading organisations and is the right cultural fit to chair the Board. He has strong credibility both within the business and with all our key stakeholders. He is therefore the unanimous choice of the Committee and the Board.”
Cryan said: “My time on the Board has already shown me that the company is well positioned to capitalise on its first-class technology and investment expertise, cementing its position as one of the world’s leading active investment managers.”
