Ian Livingston said he will step down as chairman of Man Group Ltd. at 2019-end after about four years in the role, citing personal reasons.
He will be replaced by John Cryan, who currently serves as a nonexecutive director of the British asset manager, effective Jan. 1, 2020.
Cryan, who served as CEO of Frankfurt-based Deutsche Bank AG from July 2015 before he was ousted in April 2018, is also the chairman of U.K.-based X Cyber Group Ltd..
Livingston's departure comes a week after Jonathan Sorrell resigned as Man Group's president.
