Change to Chairmanship of Remuneration Committee

RNS Number : 5711R

Man Group plc

30 June 2015

 

Change to Chairmanship of Remuneration Committee

London, 30 June 2015 - Man Group today announces that Phillip Colebatch, Senior Independent Director, will resume the role of Chairman of the Remuneration Committee from 1 July 2015, replacing John Cryan who took on the role from Mr Colebatch in May 2015. This reflects the change in Mr Cryan's circumstances following the announcement of his appointment as Co-Chief Executive Officer of Deutsche Bank with effect from July 2015. Mr Cryan will continue to serve as a non-executive director of Man Group and as a member of the Nomination Committee but he will no longer be a member of the Remuneration Committee.

Man Group is currently undertaking a search to appoint an additional non-executive director to take up the role of Remuneration Committee Chair.

Phillip Colebatch was appointed to the Board as a non-executive director in September 2007 and is the Senior Independent Director. John Cryan was appointed to the Board as a non-executive director in January 2015.

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About Man Group

Man Group is one of the world's largest independent alternative investment managers, and a leader in high-alpha, liquid investment strategies. Across its four investment managers (Man AHL, Man FRM, Man GLG and Man Numeric), Man Group has a diverse offering in hedge funds and long only products spanning equity, credit, managed futures, convertibles, emerging markets and multi-manager solutions. At 31 March 2015, Man Group's funds under management were $78.1 billion.

The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange under the ticker EMG.L and is a constituent of the FTSE 250 Index.

Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.man.com.

Important Information

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.

The source of all information is Man Group plc and its affiliates as at 30 June 2015.

This press release has been sent by a member of the Man Group ("Man"). Man's parent company, Man Group plc, is registered in England and Wales (company number 08172396) at Riverbank House, 2 Swan Lane, London, EC4R 3AD.

 

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