Former Deutsche Bank chief to chair Man Group

Posted by Aktis Team on 10 September 2019

John Cryan will replace Ian Livingston as Chairman of the world’s largest hedge fund, Man Group, effective January 1, 2020. He has served as independent non-executive director at the group since 2015. The appointment is motivated, inter alia, by new governance rules in the UK, that limit a Chair’s tenure to nine years. John Cryan acted as CEO of Deutsche between 2016 and 2018, having previously served as Co-CEO. He was ousted in 2018, following a period of sustained losses at the large European lender.

The Financial Times, Jennifer Thompson, September 16th 2019

Topics: News Watch, Europe