People Moves

Ellis returns to head Man’s multi-manager business


Luke Ellis, former managing director of Financial Risk Management and non-executive chairman of GLG’s Multi-Manager business, is to join to Man Investment’s as head of Man’s $14.2 billion multi-manager business.

Ellis succeeds Herbert Item, who has been chief investment officer of RMF Investments and graduated to all of Man’s multi-manager business when the units were merged.

Although Ellis will not be joining until the GLG/Man deal is finalised at the end of September, Man has been looking for a head of the multi-manager business for a while now and Ellis was on the radar screen. Ellis, who has