7 September 2012 – GLG, the Financial Services Authority (“FSA”) authorised and regulated investment manager division of Man Group plc (“Man”) is pleased to announce that Sudi Mariappa will be joining to manage its absolute return fixed-income offering.
Sudi worked at Pimco from 2000 to 2010 and was promoted to Managing Director in 2003. He ran the Global Portfolio Team until 2008 and managed a team of investment managers around the globe. Under his oversight, AUM in global portfolios increased from $10bn to $85bn. From 2009 to 2010, Sudi was senior advisor to Pimco, working closely with founder Bill Gross on the firm’s suite of hedge funds and also directed various risk, strategy and advisory projects.
“We are delighted to be hiring a professional of Sudi’s calibre,” said Manny Roman, CEO of GLG and COO of Man. “We look forward to building our business in an asset class which has many attractions for investors in today’s volatile market environment.”