Wednesday, June 12, 2024

Man AHL CEO Sargaison to retire

Photo: Benjamin Davies, Unsplash

  • Sign up to AFI’s free industry briefings here. Decision-makers get an industry edge with membership
  • Man Group stories are round up here

Matthew Sargaison, the CEO of Man Group’s AHL unit, will retire from the firm next April.

Sargaison joined AHL in 2009 as chief risk officer and was appointed CIO, with overall responsibility for investment management and research, in 2012. He was then appointed CEO of the quant group in 2017.

The world’s largest listed hedge fund manager will not be announcing a successor at this time. Russell Korgaonkar, who sits on the firm’s executive committee, holds the position of CIO.

During his near-15 years with Man, Sargaison played an important role in the development of its quantitatively-driven multi-strat offering.

“Matthew has let us know that he plans to retire from the firm next year after a long and very successful career in finance,” said Steven Desmyter, president of Man Group.

“He has made a tremendous contribution to the growth of the business and helped transform it into the truly diversified quantitative investment manager it is today.

“He leaves the business in very good shape, with an incredibly talented investment committee under CIO Russell Korgaonkar’s stewardship.”

Robyn Grew took over from Luke Ellis as CEO at Man last month. The firm passed $150bn in AuM for the first time earlier this year.