Opalesque Industry Update - Man has announced today that Luke Ellis is to become Head of Man’s Multi-Manager business.
Luke has over 25 years of investment management experience. He has held a number of senior positions including Managing Director at Financial Risk Management (FRM) and Head of JPMorgan’s Global Equity Derivatives and Equity Proprietary Trading businesses. Latterly Luke has been non-executive chairman of GLG’s Multi-Manager business and manager of the GLG Multi Strategy Fund. Luke will be responsible for continuing to build out Man’s Multi-Manager range of investment solutions for private and institutional clients, and further developing Man’s leading position in structured products, funds of funds, managed accounts and tailored portfolios. Peter Clarke, Chief Executive of Man, comments: "I am delighted that Luke will be joining Man to head our Multi-Manager business, bringing with him a long and distinguished track record in investment management, both in trading markets and allocating capital to underlying managers. Luke's experience and relationships will be invaluable in continuing to drive our focus on providing comprehensive, tailored investment solutions to Man's investors globally." “Luke will be succeeding Herbert Item, who is retiring after 13 years at Man, during which time he has played a key role in the successful development of the Multi-Manager business. Our thanks and best wishes go to Herbert for his professionalism and commitment to Man over many years." Luke Ellis comments: “Investor demand for intelligently constructed and managed portfolios of hedge funds continues to grow. The future of the multi-manager industry will be all about addressing specific client needs with a range of services, from ready made portfolios to direct access through managed accounts to risk analysis and management. Man’s Multi-Manager business brings together tremendous depth and expertise in manager selection, managed accounts and risk management. This is a period of great opportunity and I am thrilled at the prospect of leading this business.”
About Luke Ellis Prior to joining FRM, Luke was a Managing Director at JPMorgan in London, responsible for building the firm’s Global Equity Derivatives and Equity Proprietary trading business. Most recently, Luke has been non-executive chairman of GLG’s Multi-Manager business and manager of the GLG Multi-Strategy Fund. Under applicable legislation Luke will assume the role of Head of Man’s Multi-Manager business when the proposed acquisition of GLG by Man either closes or terminates. Corporate website: Source - FG |
Industry Updates
Man Group announces Luke Ellis as new head of multi-manager business
Tuesday, August 24, 2010
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