Stanley Fink, deputy chairman of investment management business,
Group, has announced he is to step down from the board.
Fink joined the Group in 1987 as a director responsible for mergers,
acquisitions and treasury before becoming group finance director in 1992. He was
chief executive for seven years from 2000 and in April 2007 took on the role as
non-executive deputy chairman.
‘His vision, business development skills and pioneering passion for the
opportunities in the alternative asset segment of the investment management
industry have been at the heart of Man’s growth and success,’ said Jon Aisbitt,
Man Group chairman.
He praised Fink for his leadership and development of the Group through a
‘combination of organic growth and selective acquisition’.
Fink’s retirement announcement co-incides with the group announcing a 60%
rise in pre-tax profits for the year ended 31st March of £1,054 mn.
He will step down at the Group’s annual general meeting on 10th July 2008.
Man Group manages over £39.5bn and employs 1,600 people in 13 countries
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