Man Group CEO Eliis to retire; Robyn Grew named as successor

Asset manager Man Group said chief executive Luke Ellis would retire in September, to be succeeded by Robyn Grew.

Ellis, who first joined Man Group in 2010, said it was "the right time to pass the reins".

The decision to appoint Grew means Man, will be led by two women for the first time in its history, when chairman John Cryan steps aside for Anne Wade towards the end of the year.

Reporting by Frank Prenesti for Sharecast.com