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Man Group president to depart

Jonathan Sorrell, president and executive director at Man Group Ltd., is leaving the British asset manager to pursue a role outside of the firm.

Sorrell stepped down as an executive director on Man Group's board, effective immediately, but will remain with the firm for the time being to facilitate an orderly transition of his responsibilities.

Sorrell has been Man Group's president since 2016. He also served as CFO between 2012 and 2016.