GLG’s Roman Named Man COO As Shareholders OK Merger

Sep 1 2010 | 12:10pm ET

On the day its acquisition of GLG Partners was approved by shareholders, the Man Group named GLG’s Emmanuel Roman as chief operating officer.

Roman, who will remain co-CEO of GLG, will oversee technology and sales support for the combined company as its first COO. Noam Gottesman will also remain co-CEO of GLG and will run its global opportunity strategy, Man said, while the third GLG partner, Pierre Lagrange, has also agreed to remain with the firm.

“Since joining GLG in 2005, after 18 years with Goldman Sachs, Manny Roman has done a fantastic job in developing its business, alongside Noam and Pierre and the GLG senior advisory group,” Man CEO Peter Clarke said. “I am delighted that Manny has accepted this new broader role, which will leverage his deep trading, operational and business management experience, right across the enlarged group.”

Roman’s appointment follows that of Luke Ellis, also of GLG, as head of Man’s fund of hedge funds unit.

Meanwhile, Man shareholders overwhelmingly voted today to approve the US$1.6 billion tie-up, with 91.3% of shares voted in favor of the acquisition. GLG shareholders will vote on the deal in October.

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