UK - Man Investments’ chief executive Chris Chambers is stepping down at the end of the month after three and a half years at the alternative investments firm.

He will be replaced by the current head of marketing and client services, John Morrison.

Chambers joined the hedge fund specialist in March 2002 at a time when the group was building a team to grow its business.

He will leave Man – whose core investment managers include AHL, Glenwood, Man Global Strategies and RMF – after a handover period.

Man Group chief executive Stanley Fink expressed thanks to Chambers on behalf of the board “for his contribution to the business during his time at Man and we wish him well in the future”. It is not known where Chambers is going.

Morrison joined the group in 2003 following Man’s acquisition of its Australian joint venture, OM Strategic Investments, where he was chief executive.

“He is a seasoned business leader and we look forward to John bringing his knowledge and experience to bear on Man Investments as a whole,” said Fink.

Earlier this year Man named Piers Westerman to the new role of global head of institutional sales.