Michael "Mick" Swift was promoted to CEO by managed futures specialist Abbey Capital.
Mr. Swift is a partner and has served as deputy CEO and director of research since 2012. He will retain the latter role, a spokesman confirmed. He will not be replaced as deputy CEO.
Mr. Swift took over the CEO position from Anthony Gannon, the firm's founder who remains a partner, chief investment officer and chairman of the firm's investment committee.
Abbey Capital manages $2.7 billion in multimanager managed futures strategies.