David Leduc has been named CEO of Insight North America.
Mr. Leduc, formerly deputy CEO, succeeds Mark Stancombe, a spokeswoman said in an email.
Based in Boston, Mr. Leduc will report directly to Abdallah Nauphal, CEO for parent company Insight Investment Management, the spokeswoman said. Mr. Leduc will not be replaced as deputy CEO of Insight North America, she added.
As CEO, Mr. Leduc will "drive Insight's strategy in North America," the company said in a news release Thursday.
"David has significant leadership and investment experience and brings this considerable expertise into his new role," Mr. Nauphal said in the news release.
Meanwhile, Mr. Stancombe has been appointed chief risk officer for Insight Investment Management (Global) and Insight Investment International. In this global role, he will "oversee Insight's operational, investment, corporate, market, and information risk and compliance functions," the release said.
Mr. Stancombe succeeds Jonathan Eliot, who is retiring.
Headquartered in London, Insight Investment Management has $1.1 trillion in assets under management, according to the release. Insight North America's AUM was $127.2 billion as of Dec. 31, the spokeswoman said.
Insight Investment Management is owned by BNY Mellon Investment Management, which has $2.4 trillion in assets under management.
