The children’s charity, Absolute Return for Kids (ARK) has announced that Stanley Fink is to become chairman of the ARK trustees, taking over from founding chairman, Arpad Busson who has held the post since the charity launched.

Busson will remain a member of the Board as founding chairman, and chairman of ARK US.

Fink, CEO of hedge fund group International Standard Asset Management, has been on the board of trustees since 2004.

Fink said: “ARK’s work in health, education and child welfare has never been more vital. If you can offer a child a good education and good health you can change their life.”