Man Group is preparing to name former trade minister Lord Livingston of Parkhead as its new chairman.
The alternative investments managers confirmed it is in advanced talks with Lord Livingston (pictured), who was also previously the chief executive of BT Group, over his new position at the firm, which is now awaiting regulatory approval. In a statement, the firm said: "Man Group notes the recent press speculation regarding the potential appointment of Lord Livingston of Parkhead as its new chairman on the planned retirement of Jon Aisbitt at the 2016 AGM. "Man Group confirms that the potential appointment of Lord Livingston is currently subject to FCA review and that an announcement ...
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