Man Group appoints new CIO in senior reshuffle

Business-Corporate-Board-Room-Meeting-Hire-Hiring-700x450.jpgMan Group has appointed Sandy Rattray as its new chief investment officer in a senior management reshuffle following the appointment of Luke Ellis as chief executive.

Ellis was named as the asset manager’s new chief executive following the departure of Manny Roman to move to Pimco.

Rattray will take over the CIO role at the group, which Ellis used to cover, and will assume responsibility for the Man AHL, Man Numeric, Man GLG and Man Solutions divisions. He will also remain as chief executive at Man AHL.

In other moves, current co-chief executive Mark Jones has been appointed chief financial officer, taking over Jonathan Sorrell’s responsibilities.

In turn, Sorrell will focus on his role as president of Man Group. He will work with Ellis on strategic growth of the business, as well as on sales, corporate strategy, M&A, private markets and will lead the Man FRM division.

In the Man GLG business, Pierre-Henri Flamand has been appointed as CIO, and will work alongside Teun Johnston who remains chief executive of the division.

Finally Robyn Grew has been hired into the new role of chief administrative officer. She was previously Man Group’s general counsel and global head of legal and compliance.

Ellis says: “I am pleased to congratulate a number of my high-calibre colleagues at Man Group on their new roles, at what was a natural time to review our management structure.

“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.”