MOVES-Man Group appoints Michael Turner as CEO of FRM unit

LONDON, Sept 26 (Reuters) - British asset manager Man Group said on Tuesday it had appointed Michael Turner as chief executive of its FRM unit, which specialises in investing in hedge funds.

Turner will be replaced as chief operating officer at FRM, a role he has held since 2012, by his deputy, Rachel Waters, Man said in a statement.

Prior to joining FRM in 2007, Turner was head of research at Aspect Capital and a quantitative research analyst at Schroder Salomon Smith Barney, the statement said.

Following the promotion, Turner will join the group’s executive committee.

FRM, which provides a range of investment and advisory services, was founded in 1991 and bought by Man Group in 2012. At end-June, it managed $16.2 billion in assets out of Man Group’s total assets of $95.9 billion. (Reporting by Simon Jessop; editing by Carolyn Cohn)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.