People moves

GLG’s Roman to become COO of Man Group after merger

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Manny Roman, the co-CEO of $25 billion alternative asset manager GLG Partners, is to take on the newly created role of chief operating officer of the enlarged Man Group following the completion of Man’s $1.6 billion merger with GLG later this year.

Man made the announcement shortly after disclosing that its shareholders had approved the acquisition of GLG, which was announced in May and is scheduled to close within the next few weeks.

The publicly-quoted group also detailed the roles that GLG co-founders Noam Gottesman and Pierre Lagrange would play in the combined group after the acquisition. Lagrange will continue