In other People Moves, IDC Financial Insights makes changes in Europe while the Man Group has a new senior management structure and senior hires in the U.S.
Senior Appointments at Barclays
Tim Throsby, president, Barclays Corporate and International, and CEO, Barclays Corporate and Investment Bank
Barclays reports that Tim Throsby has been named president of Barclays Corporate and International and chief executive of Barclays Corporate and Investment Bank.
Throsby is expected to join the Barclays executive committee in January 2017, following regulatory approvals, and will report to Jes Staley, Barclays CEO.
Throsby joins Barclays from JPMorgan, where he is currently the global head of equities, according to a Barclays statement. “He has had an extensive career in banking and private equity, working for Credit Suisse and Macquarie before joining Goldman Sachs in 1995 as a Managing Director and Co-Head of Equity Derivatives Asia and Japan,” officials say.
In 2002, he moved to Lehman Brothers to head the Asia and Japan Equities Division, before relocating to New York in 2004 to run the global equity derivatives business, convertibles and risk arbitrage, Barclays says. In 2005, he was named president of Citadel Asia and Japan.
Zink Joins IDC Financial Insights Europe
International Data Corp. (IDC), a provider of market analysis, advisory services, and events for the information technology market, reports the appointment of Thomas Zink as associate research director, Financial Insights, IDC Europe.
Zink will “manage IDC Financial Insights, while covering the technological landscape of the European banking industry with a particular focus on payments and omnichannel strategies,” according to an IDC statement.
Zink was previously research manager at IDC Financial Insights in Asia, covering the payments industry end-to-end from retail to global transaction banking, IDC says. “For over a decade, he has covered Asia’s banking industry as a researcher and journalist and is well connected to leading practitioners from banks, payment providers and the vendor community in the region.”
Man Group Unveils New Senior Management Structure
Man Group reports a new senior management structure for the firm, and several internal promotions.
The internal management changes are meant to “reallocate certain responsibilities, in line with the growth and diversification of the business, and are designed to ensure that the Group has the optimal leadership structure in place to serve its global client base,” according to a Man statement.
The changes include the following:
Jonathan Sorrell, named co-president of Man Group in June, will step down as the chief financial officer (CFO), following the transition to the new CFO. “Under his new remit as President, Jonathan will focus alongside [Luke Ellis, Man Group CEO] on strategic and commercial areas that are fundamental to the firm’s plan and development, with direct responsibility for sales, corporate strategy, M&A, private markets and Man FRM.”
The Man Group board also reports that it intends to appoint Mark Jones, currently co-CEO of Man GLG, as CFO and as an executive director of Man Group plc. “Subject to regulatory approval, he will assume the CFO role following a handover from Jonathan Sorrell,” Man says.
Sandy Rattray has been appointed chief investment officer of Man Group, “assuming responsibility for Man AHL, Man Numeric, Man GLG and Man Solutions,” according to the statement, which notes also that those areas were “previously part of Luke Ellis’ role while he served as President of the firm. He will remain CEO of Man AHL and will continue to lead the business strategy.”
Robyn Grew, previously Man’s general counsel and global head of legal and compliance, has been named to the newly created position of chief administrative officer, Man says. “She will have responsibility for the firm’s infrastructure, operations, technology, compliance, legal, human resources and facilities functions.”
In addition, Man Group reports that Pierre-Henri Flamand has been appointed chief investment officer of its discretionary fund management business, Man GLG; and that Tim Wong, executive chairman of Man AHL and a member of the Man Group executive committee, will become chairman of Man Group Asia, replacing Pierre Lagrange, who will “concentrate his focus on Man GLG’s ELS strategy.”
Man Group Also Adds Senior Hires in the U.S.
Man Group reports the appointment of Brian Broesder and Westin Lovy as managing directors, to be based at the Connecticut office.
They join the firm from Bridge Lane Capital, which they co-founded in 2012, Man says, calling Bridge Lane a “specialist in private debt transactions with small and lower middle market companies in North America.”
The two will continue to manage Bridge Lane’s portfolios at Man Group, according to the statement.
Prior to co-founding Bridge Lane, Broesder was managing director and portfolio manager at Whitecap Advisors and Lovy was managing director and head of risk management at Whitecap.
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