29 May 2008
Stanley joined Man in 1987 and was Chief Executive for seven years from 2000 prior to which he ran the investment management business and was Finance Director before that. He assumed the role of non-executive Deputy Chairman in April 2007 on standing down as Chief Executive.
Jon Aisbitt, Chairman of Man Group, said:
"Stanley's vision, business development skills and pioneering passion for the opportunities in the alternative asset segment of the investment management industry have been at the heart of Man's growth and success. Under his leadership, Man was built through a dynamic combination of organic growth and selective acquisition. He created tremendous value for shareholders and the Board wishes to express its sincere gratitude for his unique contribution to the success of the Group and to wish him all the very best for the future."
Stanley Fink, Deputy Chairman said:
"I have spent more than 21 years at Man Group, and have been on the Board for all but the first six months of that time, during which the company has undergone immense change which has seen it emerge as a leading player in the alternative asset management industry. I retained a non-executive role after stepping down as CEO last year but I have many commercial and philanthropic interests outside Man Group to which I am increasingly committed and I am eager to pursue these, and other new opportunities, more fully. I am sure that the Group will continue to prosper under the leadership of the Board and the executive team. "