Jean Hynes will replace Brendan Swords as CEO of Wellington Management on June 30, the company said Tuesday in a news release.
Ms. Hynes is currently managing partner. She joined the firm in 1991 as an administrative assistant. She is the fifth CEO since the firm went private in 1979.
“I’m so excited to be passing the baton to Jean,” Mr. Swords said in a phone interview. “She’s such an exceptional individual. She’s an investor’s investor.”
Ms. Hynes said in the same phone interview that she looks forward to having Wellington continue to do what she believes the firm does best: provide superior investment services for its clients and attract and retain talent from around the world.
“If we can continue to do that over the coming decades, I will retire a very happy person,” she said.
Mr. Swords said that Wellington’s private ownership structure enables the firm to take a long-term approach to everything it does, which has served the firm well, particularly during the COVID-19 pandemic.
“We always take the long-term view on everything,” he said. “We’re also learning. There’s a lot of lessons that we’ve learned through these rolling crises, and the humanity of the place has come shining through.”
Ms. Hynes agreed. “We take a long-term view not just for COVID-19 but in everything we do. We have long relationships with our clients,” she said. “Our culture of collaboration has served us well in this crisis.”