Man Group made a number of changes among senior leadership, appointing Mark Jones as deputy CEO and announcing the retirement of CIO Sandy Rattray.
Mr. Jones' new role will see him take on responsibility for affiliates Man AHL, Man Numeric and the group's technology functions. He will take on the new role and step down from the company's board following the appointment of a replacement for his current position as chief financial officer.
Man Group's board intends to appoint Antoine Forterre, co-CEO of Man AHL, as group CFO and an executive director, subject to regulatory approval. Matthew Sargaison will become sole CEO of Man AHL.
Mr. Rattray will retire later this year. The CIO title will cease to exist and Mr. Jones, alongside other senior management, will assume the majority of Mr. Rattray's responsibilities, a spokeswoman confirmed.
Mr. Rattray was CEO of Man AHL between 2013 and 2017, and CIO of Man systematic strategies from 2010 to 2013. He joined Man Group in 2007.
Mr. Rattray "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," CEO Luke Ellis said in a news release. "However, the silver lining is that I am very excited by the new appointments, the caliber of the team around me and the bench strength that we have as we continue our tech-driven growth journey."
Man Group had $127 billion in assets under management as of March 31.
