Boston, December 18, 2017 --
Acadian Asset Management LLC, a leader in active global and international investing with $92 billion in assets under management, today confirmed that the previously announced appointments of John R. Chisholm and Ross A. Dowd as co-CEOs would be effective as scheduled, January 1, 2018.
Mr. Chisholm has been with the firm since 1987, and has served as Chief Investment Officer since 1992. Mr. Dowd joined Acadian in 2004 and manages the firm’s Global Client Group, with responsibility for global business development and institutional consultant and client service relationships. They will succeed Churchill Franklin, who is retiring as Chief Executive Officer and who will continue to have an ongoing role at the firm as Chairman.
“At Acadian, we have created a collegial environment that fosters ingenuity and discipline through transparency and collaboration, which we see as key to innovation,” said Mr. Franklin. “This unique culture has been a key to the firm’s growth and success for over 30 years. As I move on to the next phase of my career, I am confident that John and Ross will work together to guide the firm through its next phase of growth and ensure the culture that makes Acadian so special continues well into the future.”
“Acadian’s disciplined and systematic investment approach, cognitively diverse talent pool and culture of collaboration is what has made the firm successful since inception,” said Mr. Chisholm. “As we look ahead, Ross and I will work together to identify new ways to add value for clients and create strategies that meet their needs for uncorrelated returns. We are humbled by this opportunity and excited to be part of the firm’s continued success.”
“Over the past five years, Churchill’s vision and leadership has helped grow Acadian into the respected and admired global active manager it is today,” said Mr. Dowd, “John and I look forward to leading Acadian into its next chapter to help ensure its continued success.”
Brendan Bradley, Acadian’s Director of Portfolio Management and a 13-year veteran of the firm, will be appointed co-CIO in January, and will fully succeed Mr. Chisholm as Chief Investment Officer in 2019. Mr. Dowd’s management of the client group is transitioning to Ted Noon, who will focus on the U.S., Canadian and Latin American business as Director of Americas Client Group, and Kelly Young, Director, International Client Group.
About Acadian Asset Management LLC
Acadian Asset Management LLC invests on behalf of institutional investors such as pension funds, endowments, governments and foundations, as well as individual investors. As of September 30, 2017, the firm managed over $92 billion with over 900 clients that include major pension funds, endowments, foundations, governments and other institutions across the world. The firm uses an innovative array of disciplined, quantitative investment techniques and analytical models for active stock selection as well as country, sector and currency valuation. Acadian’s strategies include managed volatility, emerging markets, global equity, small-cap, long/short, market neutral, and non-US equity strategies. For more information on Acadian, please visit www.acadian-asset.com.