Man Group picks new GC as hedge fund’s legal chief leaves

Man Group head of legal Jasveer Singh has been appointed as the FTSE250 group’s general counsel following the exit of former Clifford Chance partner Stephen Ross.

Stephen Ross and Jasveer Singh
Stephen Ross and Jasveer Singh

Singh has been a member of the alternative investment manager’s in-house team since joining from Clifford Chance, where he was an associate. He will sit on the company’s executive committee.

He moved to the City hedge fund shortly after Ross’s exit from the magic circle firm in 2003, where the private funds partner had been practice co-head with Jason Glover, now of Simpson Thacher & Bartlett (8 September 2003). Ross, meanwhile, has left the company.

The handover took place before the end of 2012 and came amid the promotion of president and COO Emmanuel Roman to CEO to replace Peter Clarke, a move announced in December.

It also brought in Jonathan Sorrell, the son of WPP Group CEO Sir Martin Sorrell, as its finance director in mid-2012.

It also emerged earlier this month that the group would not pay bonuses to its top executives and was introducing a bonus cap set at 250 per cent of employees’ salaries.