Man Group names Luke Ellis CEO as Roman heads to PIMCO

Hedge fund manager Man Group said on Wednesday that chief executive officer Emmanuel Roman will step down from the role at the end of August to be replaced by Luke Ellis on 1 September.

Roman is leaving the company to become CEO at investment manager PIMCO in November.

Ellis, who was previously president of Man Group, is responsible for managing the company’s four investment units, Man AHL, Man GLG, Man Numeric and Man FRM. Prior to this, he was head and chief investment officer of Man Group's Multi-Manager Business and non-executive chairman of GLG's Multi-Manager activities.

Ellis joined the firm in 2010.

Chairman Ian Livingston said: “Luke Ellis' dedication to Man Group and commitment to delivering performance for investors, as well as the leadership he has already demonstrated, makes him the ideal candidate to take over from Manny. His appointment was a unanimous decision taken by the board, and we are very pleased that he has accepted the role."