Man Group shakes up boardroom

Investment manager Man Group announced a number of senior management and board changes on Friday, all of which were set to take effect in the second half of the year.

Man Group stated current chief financial officer Mark Jones will take on the new role of deputy chief executive and step down from the group's board following the appointment of new CFO Antoine Forterre, currently co-CEO of Man AHL.

The FTSE 250-listed firm also said chief investment officer Sandy Rattray had informed the board of his intention to retire from his role and hand over his responsibilities over the next few months before leaving the company during the second half of the year.

Chairman John Cryan 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."

As of 0825 BST, Man Group shares were down 0.14% at 181.0p.