25/08/2010 Author: Ben Haidari

Man hired new head of Multi-Manager business

Alternative investment giant Man Group has announced that Luke Ellis is to take over as head of its Multi-Manager business following the retirement of Herbert Item, who has been at the firm for 13 years. 

In the role, Ellis’s main responsibility will be to continue to build out Man’s multi-manager range of investment solutions for private and institutional clients. The business currently manages assets of $14.2bn. 

Ellis has over 25 years’ investment management experience and previously held senior positions including head of JPMorgan’s Global Equity Derivatives and Equity Proprietary Trading businesses and most recently, as a non-executive chairman of GLG’s Multi-Manager business and manager of the GLG Multi Strategy Fund. 

“I am delighted that Luke will be joining Man to head our Multi-Manager business, bringing with him a long and distinguished track record in investment management, both in trading markets and allocating capital to underlying managers,” said Peter Clarke, chief executive of Man. 

 "Luke's experience and relationships will be invaluable in continuing to drive our focus on providing comprehensive, tailored investment solutions to Man's investors globally.”