Prudential Nabs Ex-Man Head

Aug 14 2008 | 10:53am ET

Insurance giant Prudential has picked former Man Group executive Harvey McGrath to serve as its next chairman.

McGrath spent almost three decades at Man, which is the word's largest listed hedge fund firm, eventually serving as chief executive and then, until his retirement last year, chairman. He joined the firm as treasurer in 1980, helping build the firm from a small sugar-trading operation into a giant alternative investments firm. He also served as finance director and head of brokerage Man Financial.

McGrath will join Pru’s board on Sept. 1, and will takeover for outgoing chairman David Clementi in January.

According to The Times of London, McGrath was the venerable insurer’s second choice. Pru had reportedly hoped to nab Winfried Bischoff for the post, but Bischoff took the executive chairmanship at Citigroup.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of