John Cryan will replace Ian Livingston as Chairman of the world’s largest hedge fund, Man Group, effective January 1, 2020. He has served as independent non-executive director at the group since 2015. The appointment is motivated, inter alia, by new governance rules in the UK, that limit a Chair’s tenure to nine years. John Cryan acted as CEO of Deutsche between 2016 and 2018, having previously served as Co-CEO. He was ousted in 2018, following a period of sustained losses at the large European lender.