Alternative investment management business Man Group has appointed Jonathan Sorrell, currently Man's head of strategy and corporate finance, as finance director at the company.
Alternative investment management business Man Group has appointed Jonathan Sorrell, currently Man’s head of strategy and corporate finance, as finance director at the company.
He takes over Kevin Hayes, who joined Man in 2007 and is leaving the company to pursue other professional and personal interests, the company said.
Sorrell joined Man in August 2011 as head of strategy and corporate finance. He spent more than a decade at Goldman Sachs, where he worked in the Investment Management, Securities and Investment Banking Divisions.
“In his new position, Jonathan’s experience in financial markets, especially his deep working knowledge of the hedge fund industry, will be extremely valuable as we continue to develop and evolve in challenging world markets. He has a strong background in strategy and execution and will bring clear focus on costs and financial efficiency,” said Peter Clarke, Chief Executive at Man.
Jon Aisbitt, chairman, added: “I would like to thank Kevin on behalf of the Board for his contribution as Finance Director over the past five years and wish him every success for the future. Jonathan’s appointment follows a rigorous process to identify the best possible candidate.”
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