Man Group has recruited the former head of centralised risk trading at Citi as a portfolio manager in its £21.2 billion discretionary management unit.
Ben Lynch joined GLG Partners last week having spent a year at Moore Capital Management.
Lynch spent the largest period of his career at Citi group where he was the global head of centralised risk trading between 2008 and 2014 and in his final year at the bank, he was also the European head of execution.
Lynch is joined in his new role by former colleague Rory Hill who previously headed up the equity derivatives trading desk at Citi for the EMEA region until July 2014.
The pair are the latest in a series of traders to move across to portfolio management in recent months.
Lynch and Hill will now become portfolio managers for GLG’s long/short strategies.
GLG was founded in 1995 and has investment teams based in New York, Hong Kong and Zurich.
The unit employs around 150 investment professionals and manages money on behalf of pension funds, corporates, governments and charities.
A spokeswoman for MAN Group confirmed the moves. Lynch did not respond to a request for comment. Hill could not be reached for comment.