Man Group chief Manny Roman to join PIMCO as CEO

Steps down at end of August

Emmanuel (Manny) Roman will step down as Man Group CEO at the end of August to take up a new role as head of PIMCO.

Luke Ellis, who has worked alongside Roman since 2012 as president of Man Group, will succeed him as CEO on 1 September. He is currently responsible for managing Man Group's four investment units: Man AHL, Man GLG, Man Numeric and Man FRM. Prior to this, Ellis was head and CIO of Man Group's multi-manager business and non-executive chairman of GLG's multi-manager activities. He was managing director of FRM and ran the business from 1998 to 2008. Before joining FRM, he was a managing director at JPMorgan and global head of equity derivatives and equity proprietary trading. Jonath...