01/12/2011

Man Group appoints Hendriks as institutional head

Man Group, the world’s largest listed fund manager, has appointed ex-Goldman Sachs man Ruud Hendriks as non-executive chairman of the firm’s Institutional Department.

He starts in his new role today and has stepped down from his current position as non-executive director on the board.

Hendriks previously worked in institutional sales at Goldman and Robeco, an international asset manager.

Man’s chairman Jon Aisbitt said: “While we are sorry to see Ruud step down from the board, I am delighted that he has accepted this new advisory role. His extensive experience and relationships with institutional investors in Europe will bring significant value to Man and our clients.”

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