| Man Group plc | |
|---|---|
 | |
| Type | Public (LSE: EMG) |
| Founded | 1994 (date incorporated) |
| Headquarters | London, England, UK |
| Key people | Peter Clarke(Chief Executive) |
| Industry | Financial services |
| Products | brokerage services, investment products |
| Revenue | US $3,494 million (2006) |
| Operating income | US $1,158 million (2006) |
| Net income | US $1,014 million (2006) |
| Employees | 1,500 (2006) |
| Website | www.mangroupplc.com |
Man Group plc (LSE: EMG) is one of the world's largest futures contract brokers and a leading global provider of alternative investment products. It is a United Kingdom based company, headquartered in London, and it is a constituent of the FTSE 100 Index. Man Group has a history reaching back over 200 years, starting with a Broking business founded by James Man. It was floated on the London Stock Exchange in 1994 and in September 2000 the company changed its name from E D & F Man Group plc to Man Group plc. The company currently employs over 1,500 people in 13 countries. They have key centers in London, Pfäffikon (Switzerland), Chicago,New York, Tokyo,Hong Kong and Sydney. In 2007, Man Group floated MF Global, it's brokerage division, allowing it to focus on it's asset management division Man Investments Funds under management as of September 2007 were $68 billion, of this 61% is contributed by individual investors. The group is also known for sponsoring the Man Booker Prize, the Man Booker International Prize and the Man Asian Literary Prize. In June 2007 the University of Oxford and Man Group announced the creation of the Oxford-Man Institute of Quantitative Finance. Man’s initial commitment to the centre was for £13.75m, one of the largest single donations to a British higher education institution in the preceding decade. Man will celebrate its 225th Anniversary in 2008.
References
- Man Group posts record sales
- Press Release for launch of the Oxford-Man Institute of Quantitative Finance.
In June 2007 it was announced that the brokerage arm will be disposed of via an IPO in New York in 2007. The company is now named MF Global.
External links
- Man Group plc (Official Man Group Plc Website)
- Man Booker Prize Website
- Oxford-Man Institute of Quantitative Finance
Chief Executive: Peter Clarke
