A senior management change at Man Group that has looked
increasingly inevitable in recent months was finally
triggered this week with the news that Manny Roman is to take
over as the group's chief executive from Peter Clarke early
A statement from Man said Clarke had "advised the company of
his intention to retire as chief executive", with the
intention of stepping down from the board at the end of
February next year after a handover period during which he
will work with Roman.
Roman - who was formerly the co-CEO of GLG Partners, which
Man bought in 2010 for $1.6 billion in an effort to reduce
the group's reliance...