Man Group Appoints First CIO of ESG

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Stockholm (NordSIP) – Man Group has announced the appointment of Robert Furdak as its new CIO for ESG. The newly-created role seeks to support the firm’s broader commitment to responsible investment.

Furdak will lead the firm’s responsible investment initiatives across all five specialist investment engines, ensuring collaboration across discretionary and quantitative research efforts and investment solutions. The new chair of Man Group’s Responsible Investment Committee will be responsible for working with external asset owners to help them develop and analyse ESG policy and implement solutions. He will also lead Man Group’s efforts to advance its stewardship and corporate engagement services while playing an active role in promoting responsible investing and ESG across the industry.

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“At Man Group, we believe ESG forms a crucial part of the research, investment and risk management process, so the creation of this role is the natural next step as we seek to leverage synergies, data and learnings across the firm and beyond,” said Sandy Rattray, Man Group’s overall CEO. “We are delighted that Robert will be taking on this significant role, as he’s been instrumental in Man Group’s efforts to harness data to develop ESG models and tools in recent years.”

The new CIO of ESG has been co-CIO of Man Numeric, Man Group’s fundamental quantitative investment business, since 1997. During his time at Numeric, he helped to develop a proprietary ESG model and drove the integration of ESG across Man Numeric’s investment strategies. Currently, 90% of its assets incorporate the ESG factor. While at Numeric, Furdak also helped develop Man Group’s proprietary ESG dashboard tool, Man Group ESG Analytics, which launched in 2019.

“It’s been gratifying to be a part of the evolution of responsible investment at Man Group,” Furdak added. “I look forward to coordinating the diverse ad robust responsible investment efforts across the firm’s investment engines to ensure we help our clients navigate the complexities in the space and take advantage of alpha-generating opportunities.”

Image © Man Group

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