Introduction
Man Group plc is a leading global provider of alternative investment products and solutions for private and institutional investors worldwide, designed to deliver absolute returns with a low correlation to equity and bond market benchmarks. Man has a 20-year track record in this field supported by strong product development and structuring skills, and an extensive investor service and global distribution network.
The Group employs 1,600 people in 13 countries, with key centres in London and Pfäffikon (Switzerland), and offices in Chicago, Dubai, Hong Kong, Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto. Man Group plc is listed on the London Stock Exchange (EMG) and is a constituent of the FTSE 100 Index.
Further information on the Man Group can be found at www.mangroupplc.com and www.maninvestments.com
During the first half year Harvey McGrath indicated his intention to retire from the Group Board in November 2007. Harvey has been with Man for the last 27 years and has played a key role in the successful development of the business.
He joined Man in 1980 from Chase Manhattan Bank, became Chief Executive in 1990 and was appointed Chairman in March 2000. Harvey’s leadership and support for employees at all levels at Man helped build the entrepreneurial organisation we have today. The Board and the employees of Man express their sincere gratitude to Harvey for his immeasurable contribution to the success of the Group.
Kevin Davis stepped down from the Group Board in July this year following the successful IPO of MF Global. Kevin has over 24 years’ experience in the futures brokerage industry, the last 16 of which had been at Man Group.
In 1991, Kevin joined Man’s brokerage business to build its European interest rate futures activities. In 1999, Kevin was appointed CEO of Man’s global brokerage business. In his time at Man, Kevin grew and transformed the brokerage business into the market leading franchise it is today. His unique personality and management style earned him enormous respect and support from all those who worked with him. We wish him every success at MF Global.