Chris Chambers is stepping down as Man Investments chief executive in an announcement made by the group yesterday.
Chambers, who joined in March 2002, will be replaced by John Morrison, currently Man Investments head of marketing and client services.
The hedge fund arm of the Man Group will lose Chambers at the end of the month in what is said to be an amicable arrangement.
Industry understanding however, is that Chambers was overshadowed by Man Group chief executive Stanley Fink.
Fink says: “John Morrison has been working with Man Group for almost two decades and has done an outstanding job positioning Man Investments as a leading provider of alternative investments in the Asia Pacific region.
“On behalf of the Board, I would like to express my thanks to Chris Chambers for his contribution to the business during his time at Man and we wish him well in the future.”