Boston-based Wellington Management has confirmed one of its veteran portfolio managers will succeed its current chief executive, Brendan Swords, as he prepares to retire.
Jean Hynes will take on the role in June 2021 after almost 30 years with the investment manager. Having first joined Wellington in 1991, Hynes has worked her way up from an analyst to portfolio manager, and has most recently served as one of the firm’s three managing partners since 2014.
“I am humbled and honoured to serve as the next CEO of Wellington Management,” said Hynes on her appointment. “I have had the privilege of learning alongside Brendan for many years, and I am looking forward to building on our long heritage of helping our clients and their beneficiaries around the world achieve their investment goals.”
Outgoing chief executive Brendan Swords, who has also worked almost 30 years at Wellington, will continue to act as chief executive until his retirement in June 2021. He was elected partner at the firm in 1999, and managing partner in 2008. Prior to Wellington, Swords was a management consultant at McKinsey & Company.
“One of the most enduring lessons of the Wellington partnership is the notion of stewardship, bringing along the next generation of leaders to allow us to better serve clients,” Swords commented.
“I’m excited that Jean Hynes will be my successor. Over the course of her nearly 30 years at the firm, she has demonstrated the vision, optimism, and fortitude to lead Wellington in the years ahead. Her extensive investment and leadership experience align with our mission of delivering investment excellence to our clients.”