British hedge fund firm Man Group has unveiled a host of changes to its senior management team.
The changes include appointment of Mark Jones, currently Co-CEO of Man GLG, as CFO and executive director of Man Group.
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Jonathan Sorrell, the existing CFO of Man Group, will step down from his role after an orderly transition to the new CFO.
In his new role as the company’s president, Sorrell will work along with CEO Luke Ellis on strategic and commercial areas fundamental to the firm’s development, and have direct responsibility for sales, corporate strategy, M&A, private markets and Man FRM. Sorrell will also remain on the company’s board.
Further, Man Group has appointed Sandy Rattray as its new CIO, with responsibility for Man AHL, Man Numeric, Man GLG and Man Solutions. These responsibilities formerly formed part of Luke Ellis’ role while he held the role of the firm’s president. Rattray will remain CEO of Man AHL.
In addition, Man Group has appointed Robyn Grew to the newly created role of chief administrative officer. Grew will manage the firm’s infrastructure, operations, technology, compliance, legal, human resources and facilities functions. Previously, Grew served as general counsel and global head of legal and compliance at Man Group.
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By GlobalDataMan Group CEO Luke Ellis said: “The firm has changed a great deal in the past few years and, with my own role also changing, it made sense to look at the way we are organised and where different responsibilities should lie, so that we have the optimal structure in place to serve our clients and assist me in leading the firm through the next phase of development.
“From a strategic and operational viewpoint, very little will change and we will continue in a ‘business as usual’ manner as the changes are implemented as seamlessly as possible.”
