James P. O'Shaughnessy, founder, chairman, co-chief investment officer and portfolio manager will retire from O'Shaughnessy Asset Management on Dec. 31.
Chris Meredith, currently a co-CIO, will assume Mr. O'Shaughnessy's CIO duties on Jan. 1, a spokesman for the firm confirmed.
O'Shaughnessy Asset Management was acquired by Franklin Templeton on Dec. 31, 2021, and continues to operate under its own name.
Effective immediately, Roger Paradiso, head of Franklin Templeton product solutions, will assume the role of executive chairman in addition to his existing role, an O'Shaughnessy news release said Thursday.
Mr. Paradiso "spearheaded the acquisition of OSAM and the OSAM leadership team has reported to him since then," the release said.
Patrick O'Shaughnessy, Mr. O'Shaughnessy's son, remains CEO of the firm, which specializes in separately managed accounts and customized indexing.
At the time of its acquisition by Franklin, O'Shaughnessy managed $6.5 billion, which increased to $7.2 billion as of March 31.
"Jim is an eminent figure in the industry who greatly advanced the school of factor investing. His approach to the investment process is hardwired into the OSAM culture," Patrick O'Shaughnessy said in the release.
Franklin Resources managed $1.478 trillion as of March 31.
