John Rohal was named executive chairman of Man Group, North America, effective Jan. 1.
The position is new, said Kelly Smith, a spokeswoman for the company. Mr. Rohal will work with Eric Burl, chief operating officer, and Lance Donenberg, head of sales, for Man Group, North America, to “deepen Man's relationships” with institutional and other types of investors, according to a Man Group news release.
Man Group manages a total of $60 billion. Ms. Smith did not provide the amount managed for U.S. investors by press time.
Mr. Rohal currently is a managing member and managing director of Makena Capital Management where he oversees global public equity and tactical hedged equity investments.
A Makena source who asked not to be identified said Mr. Rohal's departure has been anticipated for some time and according to a succession plan, his duties will be assumed by others at the firm.
Makena manages about $14 billion in an endowment-modeled fund that invests across a wide spectrum of asset classes for institutional investors.