Opalesque Industry Update – The Chancellor of the Exchequer, Rt Hon George Osborne MP, officially opened the new international headquarters of Man Group plc (‘Man’) today at 2 Swan Lane, London. Man has signed a 20 year lease and relocated 957 employees to the £250m Corporation of London development on the banks of the Thames.|
Riverbank House houses 325,000 sq ft of space over 10 floors. The building was completed in May this year and comprises high specification office accommodation including two new trading floors.
Man started life in 1783 as a barrel making company situated by the River Thames in London. Since then, it has evolved to become a specialist in global financial services and is now amongst the world’s largest providers of hedge funds and alternative investment solutions.
Peter Clarke, Man chief executive, said, “This new world class facility demonstrates Man’s continued commitment to London after being located in the City for more than two centuries. We have made significant investments in cutting edge trading and communications technology, and we look forward to serving clients from this base for many more years to come."
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalisation of over £4.5 billion. www.mangroupplc.com.