Man's Main Man Makes Major Move

Stanley Finkis leaving his position as CEO ofMan Groupafter 19 years to spend more time on philanthropic activities. The London-based firm stated in a release that effective April 7 group finance directorPeter Clarkewill succeed Fink, who will remain as chairman of the Strategic Investment Committee ofMan Investmentsas well as non-executive deputy chairman. Under FinkÕs leadership as CEO, which began in 2000, ManÕs assets surged from $4.7 billion to $54 billion, helping boost his annual pay $11 million, thus making him one of the U.K.Õs top earners. Recently, Fink expanded ManÕs horizons with the acquisition ofRefcoÕs brokerage arm and a 70% stake ofEurex. He is well known for his philanthropy, ranking 11^thin theSunday TimesGiving Index. Clarke, who joined Man in 1993, has won the approval of at least one investor. ÒFink has done a good job, but Clarke is one of the best CFOs I met,Ó fund managerJoerg Schneiderof GermanyÕsUnion Investment, toldBloomberg News. ÒHe will be a good follow up.Ó