Logie Fitzwilliams has been named co-CEO and co-president of money manager Brown Advisory.
Under a newly created leadership structure, Fitzwilliams will share CEO responsibilities with Michael D. Hankin, who has served as the sole CEO and president since the firm became private and independent in 1998, said a news release Jan. 14.
Fitzwilliams initially joined Brown Advisory in 2003, and most recently was head of international business and global head of sales.
Quintin Ings-Chambers will succeed Fitzwilliams as head of the international business, the news release said.
Brown Advisory does not have plans to replace Fitzwilliams in the global head of sales position at the moment, a spokesperson said.
The firm’s independent board of directors and Hankin decided that a co-CEO structure “would be the best design to provide the leadership needed to meet the growing needs of the firm’s clients, colleagues and shareholders,” the release said.
Under Hankin’s leadership, the firm’s assets under management have jumped to $170 billion currently from $2 billion in 1998.