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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of