Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins. The group has according to estimates have US$60 billion in assets and is trying to stem the tide of client withdrawals and avert crisis amidst poor performance of its asset fund team. All these have contributed to a steady decline in share values, as much as two thirds its value in early 2011.
Hope of recovery was in the air upon the departure of then CEO Peter Clarke and the installation of Roman this Thursday as the new CEO. This change buoyed by a more positive market outlook has at least helped in increasing share values by 42% since November 2012. Other changes in the firm include appointment of Sandy Rattray to position of head of AHL while Luke E. Wong would become Man's President.
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