Sonya Mughal was named CEO of Bailard, a company spokeswoman confirmed Thursday in an email.
She replaced Peter Hill, who has assumed the role of executive chairman.
Ms. Mughal was chief operating officer and chief risk officer at Bailard. Her responsibilities have been assumed by Kyle Berkley, vice president of human resources, and Kim Aquino, who was recently promoted to director of operations for Bailard's wealth management group from senior investment counselor.
Bailard had nearly $5 billion in AUM as of March 31.