Clarke To Head Man Group

Sep 8 2006 | 12:00am ET

The world’s largest hedge fund manager, Man Group, has announced that finance director Peter Clarke will replace Stanley Fink as CEO next year. Fink, who plans to spend more time pursuing his work at charitable organizations, will become non-executive deputy chairman.

Clarke has worked at Man for the past 13 years, and has been finance director for the last six.

Fink took over as CEO in 2000. Under his leadership, the London-based firm saw its AUM grow to $54 billion from $4.7 billion.

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