Man hires former MTV boss for China venture

A FORMER executive at MTV will help Man Group spearhead its push into China.

The hedge fund yesterday appointed Yifei Li as country chair for China. She will work with Pierre Lagrange, the star trader who was recently named chairman of Man Asia.

Man Group has long wished to grow in the East and is thought to be planning to open a research and trading office in the Chinese capital of Beijing.

Man chief executive Peter Clarke said: “Yifei Lei is widely recognised in the region for her extensive experience managing multinationals’ growth in the region.”

Li, an ex-managing director of MTV Networks Greater China, and Lagrange both previously worked for GLG Partners, bought by Man for $1.6bn (£1.02bn) last year.