Pierre Lagrange, one of the industry’s leading fund managers, has taken on a newly appointed role as C
Pierre Lagrange, one of the industry’s leading fund managers, has taken on a newly appointed role as Chairman of Man Asia in addition to his responsibilities as Senior Managing Director of GLG and Executive Committee member at Man. Lagrange joined Man, the world’s largest listed hedge fund, with co-CEOs Noam Gottesman and Emmanuel Roman last year when GLG Partners were acquired by Man Group. His newly created non-executive role will give him oversight of the firm’s investment management activities in Asia. He will spend one week a month in the region, whilst continuing to manage GLG’s global long only and equity l/s portfolios in London.
The firm has also appointed David Mercurio as Head of Asia Equity and co-Head of Global Equity Strategies in Hong Kong. He will report directly to Lagrange. Previously Mercurio spent 17 years at the Government of Singapore Investment Corp (GIC) where he was a senior portfolio manager. Man Chief Executive, Peter Clarke, said the new appointments “signal the importance of Asia to the future development of Man, adding: “We are determined to increase our investment management capabilities in the region, specifically in China.” Lagrange said he was thrilled to Mercurio on board, citing his extensive experience in Asia Pacific made him the “ideal person” to drive the firm’s investment activities. “A better local understanding of the Asian economies and markets, and China in particular, is crucial to the future of successful global investing,” said Lagrange.
