Man Group CIO Sandy Rattray retires
Man Group’s chief investment officer Sandy Rattray (pictured) is retiring from his role at the London-based publicly-traded global asset management and hedge fund group.
Rattray, a veteran of the hedge fund and investment management industry, will hand over his responsibilities over the next few months and will then leave the company during the second half of this year, Man Group said in a statement on Friday.
Before taking up the role of CIO in 2017, Rattray had been CEO of Man AHL from 2013 and, prior to that, CIO of Man Systematic Strategies between 2010 and 2013. He had earlier been at GLG Partners, which was acquired by Man Group in 2007, having previously been at Goldman Sachs for some 15 years, holding several roles including managing director and head of its fundamental strategy group.
His retirement has triggered a wider reshuffle of senior management and directorate changes at Man.
Mark Jones, chief financial officer, will take on a new role of deputy chief executive officer for Man Group, with responsibility for Man AHL, Man Numeric and the group's technology functions. Jones will start in his new role and step down from the board following the appointment of the new CFO.
Antoine Forterre, currently co-CEO of Man AHL, will replace Jones as CFO following an orderly transition from Jones, and will also be appointed executive director on the company’s board.
Commenting on the changes, Man Group CEO 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.”
John Cryan, chair of the board and the nomination committee, said: “Man Group has built a strong and deep bench of talent under Luke's leadership. Having undertaken a thorough external benchmarking exercise, the board is pleased that we are able to promote internal talent as we continue to develop and grow our business.”