Kelly Young was named the next CEO at Acadian Asset Management, effective Dec. 20, according to a news release.
Young succeeds Ross Dowd and will be responsible for overseeing the firm's daily operations, carrying out its long-term strategic initiatives and leading the company to its next growth phase.
Brendan Bradley, executive vice president and chief investment officer at Acadian, described Young as "a proven, respected and effective leader" in the news release.
"Her deep institutional expertise and understanding of our clients' needs make her ideally suited to serve as our next chief executive and to continue to deliver meaningful results for our clients and long-term growth for all our stakeholders," he added, also thanking Dowd "for his contributions to the firm."
Young has worked at Acadian since 2009, most recently serving as the Boston-based firm's executive vice president and chief marketing officer. Prior to Acadian, she was European head of the index fund management business at SGAM Alternative Investments.
"I have proudly supported Acadian's business growth and evolution for almost 15 years, and I am thrilled to take the reins at such an exciting point in time for our firm," Young said in the release.
Ted Noon succeeds Young as Acadian's chief marketing officer, the news release said. He was promoted to the role after serving as senior vice president and director of the Americas client group. The release added that other members of the firm's leadership team will retain their roles.
Acadian had $97 billion in assets under management as of Sept. 30.
