Sue Crotty, senior vice president at investment consultant Segal Marco Advisors, will also become chief investment officer, succeeding Tim Barron, who is retiring.
Mr. Barron will retire Apil 1, a spokesman said. Ms. Crotty will then lead the firm's research department and oversee all investment activities for more than $600 billion assets under advisement, Segal Marco Advisors said in a news release.
Ms. Crotty's team will comprise risk management, manager research, discretionary/global portfolio solutions, intellectual capital and adviser solutions, the release noted. Each team leader in this department has an average of more than 20 years of industry experience, the release added.
"(Ms. Crotty's) extensive investment expertise will guide our clients and company on a new level," said John DeMairo, president and CEO of Segal Marco Advisors, in the release. "Sue, Tim, and I have been working with research leaders and their teams over the past several months to ensure a seamless transition."
Mr. Demairo said of Mr. Barron in the release: "Words cannot adequately express my immense appreciation for Tim Barron and all that he has done for our firm over the past 10 years, and the impact he has had on the industry."
Ms. Crotty is also a member of the firm's board of director and has more than 35 years' experience in the investment business.