Former Deutsche Bank CEO John Cryan to become Chairman of Man Group
His appointment is effective from January 1, 2020.
Man Group has earlier today announced the appointment of John Cryan, currently an independent non-executive director of the company, as Chairman of Man Group plc. The appointment gets into effect on January 1, 2020.
John Cryan is the current Chairman of XCyber Group Ltd, having previously been the CEO of Deutsche Bank AG from July 2016 to April 2018 and co-CEO from July 2015. Before this, he has held several senior roles at UBS AG over a career of over 25 years with the banking group, during which he served as Group CFO as well as Chairman and CEO of UBS AG EMEA.
John Cryan will chair the Board’s Nomination Committee, and will step down from the Audit and Risk Committee. Both changes are with effect from January 1, 2020.
As Chairman of Man Group, Mr Cryan will succeed Ian Livingston, who has informed the Board of his intention to step down from the role on December 31, 2019.
Richard Berliand, Senior Independent Director, said:
“John has deep financial and regulatory experience gained at leading organisations and is the right cultural fit to chair the Board. He has strong credibility both within the business and with all our key stakeholders. He is therefore the unanimous choice of the Committee and the Board.”
Luke Ellis, CEO of Man Group, commented:
“The strategy for the firm remains unchanged as we continue to strengthen and diversify our business to the benefit of our clients and shareholders. We are delighted that John will be taking on the role of Chairman. He has already been a great contributor on the Board and I look forward to continuing to draw on his extensive experience of the global financial services industry in the years to come.”
John Cryan commented:
“I am delighted to be taking on the role of Chairman, working closely with the Board and the executive management team to guide Man Group through the next phase of its journey. My time on the Board has already shown me that the Company is well positioned to capitalise on its first-class technology and investment expertise, cementing its position as one of the world’s leading active investment managers.”
