Man Group CEO Clarke to Step Down; Roman to Step Up

Reuters – Peter Clarke, the chief executive officer of embattled hedge fund firm Man Group, bowed to growing shareholder anger over the slow progress of the company’s revival plan and will hand over the reins to Emmanuel “Manny” Roman.

Mr. Roman, currently chief operating officer and the former boss of GLG, will take over from Mr. Clarke in February, Man said in a statement on Monday [Dec. 10].

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