(Alliance News) - Man Group PLC said Friday its chief investment officer is stepping down, and it also is making a switch of chief financial officers.
Sandy Rattray told the midcap investment manager he will retire as CIO. Rattray will hand over responsibilities over the next few months and then will leave the company during the second half of this year.
At the same time, CFO Mark Jones will move to a new role of deputy chief executive officer - which comes with the responsibility of running the investment manager's quant strategies Man AHL and Man Numeric, as well as the firm's technology functions.
Current Man AHL co-CEO Antoine Forterre will become the new CFO.
Chief Executive Luke Ellis said: "I would personally like to thank Sandy for his fantastic contribution to the firm in his role as CIO and previously as CEO of Man AHL. He has been at the heart of our pursuit of excellence in investing, and the cutting-edge technology that enables it, helping make Man Group what it is today.
"However, the silver lining is that I am very excited by the new appointments, the calibre of the team around me and the bench strength that we have as we continue our tech-driven growth journey."
Shares in Man Group were 0.4% higher on Friday morning in London at 182.55 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
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