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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...