Man Group will say on Wednesday that Jonathan Sorrell is leaving the former Booker Prize sponsor after eight years.
The company's investment performance has been strong so far this year, although it has continued to see net outflows in line with many of its peers.
As the company's president since 2016, he launched a private markets business for the group and managed its fund-of-hedge funds business, FRM. A leading sector analyst told Sky News that Mr Sorrell's exit would be seen by investors as a blow to Man.
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