Sorrell to take up a senior role at rival asset management firm
Just days after it was reported that Lord Livingston of Parkhead, the Chairman of Man Group was on the verge of quitting due to talks of tension between himself and company chief executive Luke Ellis. It is now expected that company president since 2016 Jonathan Sorrell will leave on Wednesday after 8 years at the world’s largest listed hedge fund.
Sorrell, who initially worked as Chief Financial Officer at Man Group, is expected to resign with reports claiming he will take up a senior role elsewhere in the asset management sector.
With any resignation there are always questions regarding performance. However, if Sorrell leaves, he will be stepping down with Man Group’s AUM at an all-time high $114bn/£91.7bn.
Sorrell has had a major positive impact at Man Group according to colleagues who were happy to praise his efforts in preparation of his impeding departure. Jonathan managed the fund-of-hedge funds business along with;
With all considered it’s likely that investors of Man Group will see this as a major blow if the reports are revealed to be true.
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