Man Group reshuffle could cause demerger - papers 8 Sept

Analysts suggested Fink’s decision to quit next April could provide a key piece of the personnel jigsaw if Man decided to demerge its large brokerage arm, Man Financial. The company said Fink would step up to the deputy chairmanship, handing over the chief executive role to Peter Clarke, finance director. But the reshuffle was also seen as providing potential chairmen for both Man’s divisions in the event of a demerger, says the paper. One suggestion was Fink could chair the hedge fund side while the current group chairman Harvey McGrath would be ideal to chair a demerged Man Finan...