Ian Livingston to Become Man Group Chairman Pending FCA Approval

Dec 14 2015 | 6:15pm ET

Global alternative asset manager Man Group is awaiting the blessing of the U.K.’s financial industry regulator in order to name former United Kingdom Trade Minister Ian Livingston as its new chairman. 

The appointment is pending review by the Financial Conduct Authority.

Lord Livingston is also the former chairman of British Telecom from 2008 to 2013, where he is widely credited with turning around the struggling telecom firm. He served Prime Minister David Cameron’s coalition government up to the elections in May of that year. 

Assuming the FCA gives the green light, Livingston will reportedly replace Jon Aisbitt in the role at the company’s annual meeting next year following eight years as chairman. 

London-based Man Group, which traces its heritage back to 1783, is the largest hedge fund manager in the world. Its assets under management grew to $78 billion as of June 30, 2015. 

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