Paul Harvey to leave GLG Partners multi-manager business

Paul Harvey is to leave the multi-manager unit he set up at GLG Partners.

Harvey, who founded and is chief executive of GLG MMI, GLG's multi-manager unit, will leave by the end of next month, according to a source familiar with the matter.

His role is being taken over jointly by Neil Hobson and Jonathan Howard, who have been at GLG for eight years.

They will report to GLG co-founder Emmanuel Roman and Luke Ellis, who is to join GLG from FRM, where he was co-founder and chief executive.

GLG says in a stock exchange release: "Paul Harvey has resigned as a director of GLG MMI Enhanced and GLG MMI Diversified [funds]" from 20 January.

A spokesman for GLG declined to comment.