People Moves

Man appoints head of UK retail following merger


Richard Phillips has been appointed as head of UK retail at Man Group, the London-listed alternative investment firm, following the merger of hedge fund managers GLG and Man last month.

Phillips, previously co-head of UK retail for GLG, will assume responsibility for developing and implementing the business’ retail sales strategy in the UK.

Richard Phillips from Man Group

Key focuses for Man in the UK retail market include UCITS product Man AHL Diversity plus a range of products from GLG’s existing suite of absolute return products.

GLG bought UK-based SGAM in the second quarter of 2009. Phillips joined GLG from SGAM where he had worked since 1998 as head of UK retail.

Raffaele Costa, head of sales for Europe & North America at Man, says: “Richard was