Man Group Names Desmyter, Mitchell To Key ESG Roles

Jun 20 2017 | 7:43pm ET

Global hedge fund manager Man Group has named current head of sales Steve Desmyter as head of responsible investment and current equity investment executive Jason Mitchell as sustainability strategist. 

Both men will continue with their current roles, Man said in a statement. In addition, Desmyter will serve as chair of Man Group’s Responsible Investment Committee and continue as a member of Man’s executive committee.

In these roles, the two men will develop and drive forward the firm’s responsible investment capabilities, Man added. As head of responsible investment, Desmyter will lead Man Group's focus on incorporating environmental, social and corporate governance (ESG) considerations in the investment decision-making process. 

Meanwhile, to support its ongoing responsible investment focus, Mitchell will be responsible for developing the strategy, organization and methodology to underpin Man Group’s ESG efforts. He will work across the firm’s investment strategies to support integration of extra-financial factors and sustainability themes into investment processes across all asset classes. 

Mitchell, who joined Man GLG in 2004, has chaired the UNPRI Hedge Fund Advisory Committee since 2014. 

"Our investors increasingly consider environmental, social and governance factors to be a key part of sound investment stewardship,” said Man Group CEO Luke Ellis in the statement. “I am delighted that Steven will now be formally leading Man Group’s efforts in this space, supported by Jason Mitchell, who has been a key industry advocate for responsible investment."

London-based Man Group, which traces its heritage back to the 1783 founding of a sugar coop and brokerage company by James Man, managed $88.7 billion as of March 31, 2017 through its five investment management businesses: Man AHL; Man Numeric; Man GLG; Man FRM and Man Global Private Markets. It is the largest listed hedge fund manager in the world. 

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