Man AHL Promotes CIO, COO to Co-Chief Executive Roles

Antoine Forterre and Matthew Sargaison appointed co-chief executives of technology-driven investment business of Man Group.

City of London
London-based Man Group has reported mixed recent financial results but is being driven forward by its algorithmic trading activities.

Formerly the COO and CIO of Man AHL respectively, Forterre and Sargaison will take on joint responsibility for the systematic trading business, replacing previous chief executive, Sandy Rattray, who remains the CIO of Man Group and will retain overall oversight of the division.

Man Group’s total funds under management swelled to $80.9 billion in March, offsetting significant losses in the foreign-exchange market and its discretionary hedge fund, GLG, through its quantitative alternative strategies which drew in a 20 percent increase in assets under management from new investments.

Nick Granger will take on the CIO role at Man AHL, while Kate Straker has been named as COO, and Russell Korgaonkar has been appointed director of investment strategies, with overall responsibility for Man AHL’s Institutional Solutions business.

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