Man Group's CEO Says Stop Asking People Where They Went to School | In The City

When Man Group Chief Executive Officer Luke Ellis started his career in the City almost 40 years ago, the square mile “had many of the worst aspects of the UK,” he says. It was just “a posh part of UK society that looked down on anything other than posh White men.”

But in 2023, things are different. Although he cautions more progress needs to be made, especially at the senior levels, Ellis says “the City is now at least as good as the national average and probably better” when it comes to race and gender equality.

In this week’s In the City, the leader of the world’s largest publicly listed hedge fund joins hosts David Merritt and Francine Lacqua in a conversation about the importance of diversity in the City, and how far the UK financial industry has come in terms of recruiting from a bigger pool of talented people.

One of the areas Ellis says needs more attention is “social mobility,” which he calls “the last bastion of open prejudice.”

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Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.

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