AI market round-up: The evolution of Man
The man behind Man Group is to step down from his role of CEO.
The man behind Man Group, Stanley Fink, is to step down from his role of CEO next April. Fink joined Man Group in 1987, becoming CEO in 2000. During his tenure, investment funds under management grew from $4.7 billion to more than $54 billion (as of end-June 2006). He will stay on as chairman of the strategic investments committee of Man Investments. Group finance director Peter Clarke will take over as CEO.