Mark Zinkula has been named president and CEO of Thornburg Investment Management, a spokesperson for Thornburg confirmed on Sept. 29.
Zinkula will replace Thornburg's previous CEO and president, Jason Brady, who announced his plans to step down once a successor was identified earlier this year. Brady's departure comes after nearly two decades with the firm and eight years as CEO.
"I am excited to lead Thornburg. It is a business with a rich heritage and an impressive investment platform. Thornburg's innovative products and talented team have a well-earned reputation for delivering consistent investment results for clients over the long term," Zinkula said in a press statement.
Zinkula joins Thornburg from Legal & General Investment Management, a global investment manager with $1.4 trillion in assets under management, where he was most recently the CEO. Under Zinkula's leadership, Legal & General's assets under management tripled, and the firm expanded its presence across the U.S., Europe and Asia.
Thornburg, which is based in Santa Fe, New Mexico, with offices in Shanghai and Hong Kong, had $42 billion in client assets under management as of Aug. 31.