Stanley Fink, deputy chairman of Man Group, will leave in July, 15 months after stepping down from his executive duties at the helm of the UK-listed alternatives manager.

News of Fink’s impending departure after more than two decades at Man came as the company, which spun off its broking arm MF Global last summer, today said pre-tax profits from continuing operations for the 12 months to the end of March topped $2bn (€1.3bn) for the first time while assets under management surged more than a fifth.