Top job: Robyn Grew will replace Luke Ellis as Man boss in September
Hedge fund Man Group will be led by two women for the first time in its history after Robyn Grew was made chief executive.
Grew, the company’s president, will take over from Luke Ellis in September, becoming one of only a few women globally to lead a large fund.
It means Man’s top roles will both be held by women when chairman John Cryan makes way for Anne Wade towards the end of 2023. The shake-up is a milestone for an industry that has long attracted criticism for being male, pale and stale.
At the thousands of hedge funds around the world, women make up only 21.3 per cent of employees.
Danni Hewson, at AJ Bell, said: ‘This is a notoriously alpha-male space, but women know how to invest as well.’
Grew joined Man 14 years ago and has held a number of roles. She will move from New York to London.
Having begun life in the 18th century, Man is the world’s largest listed hedge fund.
Last year, it made £620million profit. Client inflows were £2.5billion.
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