MONEY MANAGEMENT

Christian Brothers Investment Services appoints new CEO

Jeffrey McCroy was named CEO of Christian Brothers Investment Services, said a news release from the organization,

Mr. McCroy started on May 18. He replaces Michael O'Hern, who served as CEO for 28 years and “played an integral role in the organization's CEO search and succession plan,” the release said.

Mr. McCroy had been head of global client relationship management at American Century Investments. Chris Doyle, a spokesman for American Century, did not immediately have information on a replacement.

“CBIS serves an important leadership role with Catholic investors globally who appreciate our distinctive Catholic responsible investing approach,” Mr. McCroy said in a statement “This places us at the intersection of social justice and finance — and it will continue to be our highest priority.”

CBIS invests on behalf of Catholic institutions worldwide.

Michael Castino, director of marketing and communications for Christian Brothers Investment Services, could not be reached by press time for further information.

The Chicago-based firm, with $6.9 billion in assets under management as of March 31, is owned by the U.S. Districts of the De La Salle Christian Brothers and the Center of the Institute in Rome.