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Man Group has appointed a new head of its struggling flagship hedge fund, as part of sweeping changes under incoming CEO Emmanuel Roman to revive investment performance and win back clients to the embattled hedge fund firm.

Reuters reports that under Roman's reshuffle, Sandy Rattray, the head of Man's Systematic Strategies business, will become chief executive of Man's $16.3bn computer-driven fund AHL.

Morgan Stanley named Andres Estebanto lead its investment-banking operations in Spain.

Esteban, a senior managing director of the investment- banking division, will take over from Joaquin Arenas, according to an internal company statement seen by Bloomberg News.

Bloomberg also reports that Payam Akhavan-Malayeri, Renaissance Capital’s global head of equity trading, said he left as the bank owned by billionaire Mikhail Prokhorov extends jobs cuts to sales and trading.

Akhavan-Malayeri joined Renaissance Capital’s London office less than two years ago from Citigroup Inc., where he was co-head of equities trading for Central and Eastern Europe, the Middle East and Africa. His departure late last week came at the same time as Gene Turok, a managing director, and Andrei Anikin, a vice president and 16-year employee, said two people with knowledge of the matter.

'I have left the company', he said by mobile earlier this week. 'I am having discussions with others' about potential jobs.

And Reuters that Standard Chartered has hired Tom Emmet, previously with Royal Bank of Scotland, to head its mergers and acquisitions business in the Middle East and North Africa, Standard Chartered said on Wednesday.

Finally, Bloomberg reports that Andrew McMillan, who ran a commodity team at Tudor Investment Corp., hired Singapore lawyer Amy Lee to help run the investment firm he plans to start this year, according to two people with direct knowledge of the matter.

Lee, currently head of Hogan Lovells Lee & Lee, will become chief executive officer of Stewart Asia Investment Ltd., said the people, who asked not to be identified because the information is private. The Singapore-based firm will initially run a commodity hedge fund and plans to add other Asia-focused strategies, they said.

Man Group names new boss of flagship fund after poor returns

Morgan Stanley Names Esteban as Head of Spanish Investment Bank

RenCap’s Global Head of Equity Trading Leaves Amid Job Cuts

StanChart hires ex-RBS banker Emmet for top MidEast M&A job

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