Mark Freeman was named sole chief investment officer of Westwood Holdings Group.
He had been co-CIO with Westwood founder Susan M. Byrne, confirmed Bill Hardcastle, vice president and CFO. Ms. Byrne remains chairwoman of the multiasset money manager's board.
Ms. Byrne shared CIO duties with Mr. Freeman beginning in January 2011. Her departure from CIO duties is part of a long-term strategic plan at Westwood, according to Mr. Hardcastle. Westwood manages about $13 billion in assets, Mr. Hardcastle said.