Man Group Expands US Operations

Jun 16 2011 | 9:50am ET

The Man Group has appointed Lance Donenberg and Jordan Allen as co-chief operating officers of the hedge fund giant’s U.S. business.

The two will report directly to Emmanuel Roman, Man Group COO.

“Expanding our U.S. business is a core part of our strategy going forward,” said Roman in a statement. “We are excited to have in place a team we believe can effect this growth.”

Donenberg is currently COO of GLG, which Man acquired in 2010 while Allen was most recently COO of another Man subsidiary, Ore Hill Partners.

Man has also tapped Tim Gullickson as managing director in the client advisory group. Gullickson, who will be based in Man’s Chicago office, was previously head of business development at Stark Investments.

“The US market is a key area of growth for Man. It demands sophisticated coverage and unique product solution offerings. We are committed to building on our relationships and reputation in the US and we believe we have the right products, team and infrastructure firmly in place to deliver what US investors are seeking,” said Raffaele Costa, managing director and head of sales for North America and Europe.

Founded in 1783, the London-based Man Group is a global alternative investment management business with assets under management of $69.1 billion, as of March 31, 2011.

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