BrightSphere Appoints Kelly Young as President and Chief Executive Officer, Announces Rebranding as Acadian Asset Management Inc.
BrightSphere Investment Group Inc. (NYSE: BSIG) announced a significant transition, appointing Kelly Young as President and CEO, effective January 1, 2025. The company will rebrand as Acadian Asset Management Inc., changing its NYSE symbol to AAMI. This move follows the divestiture of six affiliates, leaving Acadian as the sole remaining affiliate with $113 billion in assets under management.
Acadian, known for its data-driven insights and systematic investment strategies, has demonstrated strong performance with 93%, 86%, 92%, and 93% of strategies outperforming benchmarks over 1-, 3-, 5-, and 10-year periods respectively. The transition aims to streamline operations and focus on sustained organic growth in active equities, credit, and alternatives.
BrightSphere Investment Group Inc. (NYSE: BSIG) ha annunciato una transizione significativa, nominando Kelly Young come Presidente e CEO, a partire dal 1 gennaio 2025. L'azienda verrà rinominata Acadian Asset Management Inc., cambiando il proprio simbolo NYSE in AAMI. Questa mossa segue la dismissione di sei affiliate, lasciando Acadian come l'unica affiliata restante con 113 miliardi di dollari in asset gestiti.
Acadian, nota per le sue intuizioni basate sui dati e strategie di investimento sistematiche, ha dimostrato una forte performance con 93%, 86%, 92% e 93% delle strategie che hanno superato gli benchmark nei periodi di 1, 3, 5 e 10 anni rispettivamente. La transizione mira a semplificare le operazioni e concentrarsi su una crescita organica sostenuta in azioni attive, crediti e alternative.
BrightSphere Investment Group Inc. (NYSE: BSIG) anunció una transición significativa, nombrando a Kelly Young como Presidente y CEO, efectivo el 1 de enero de 2025. La compañía se renombrará como Acadian Asset Management Inc., cambiando su símbolo en la NYSE a AAMI. Esta medida sigue a la desinversión de seis filiales, dejando a Acadian como la única afiliada restante con $113 mil millones en activos bajo gestión.
Acadian, conocida por sus conocimientos basados en datos y estrategias de inversión sistemáticas, ha demostrado un sólido desempeño, con 93%, 86%, 92% y 93% de las estrategias superando los benchmarks en periodos de 1, 3, 5 y 10 años respectivamente. La transición tiene como objetivo agilizar las operaciones y centrarse en un crecimiento orgánico sostenido en acciones activas, créditos y alternativas.
BrightSphere Investment Group Inc. (NYSE: BSIG)는 중요한 전환을 발표하며 Kelly Young을 사장 겸 CEO로 임명하였으며, 이는 2025년 1월 1일부터 발효됩니다. 회사는 Acadian Asset Management Inc.로 브랜드를 변경하고 NYSE 기호를 AAMI로 변경할 것입니다. 이 조치는 여섯 개의 계열사를 매각한 후 Acadian이 남은 유일한 계열사로 남게 되며, 1130억 달러의 관리 자산을 보유하게 됩니다.
Acadian은 데이터 기반 통찰력과 체계적인 투자 전략으로 잘 알려져 있으며, 각각 1년, 3년, 5년 및 10년 기간 동안 93%, 86%, 92% 및 93%의 전략이 벤치마크를 초과 성과를 기록했습니다. 이번 전환은 운영을 간소화하고 주식, 신용 및 대체 자산에서 지속 가능한 유기적 성장에 집중하기 위한 것입니다.
BrightSphere Investment Group Inc. (NYSE: BSIG) a annoncé une transition significative en nommant Kelly Young au poste de Président et CEO, à compter du 1er janvier 2025. L'entreprise sera renommée Acadian Asset Management Inc. et changera son symbole NYSE pour AAMI. Cette décision fait suite à la cession de six filiales, laissant Acadian comme la seule affiliée restante avec 113 milliards de dollars d'actifs sous gestion.
Acadian, reconnue pour ses analyses basées sur les données et ses stratégies d'investissement systématiques, a démontré une forte performance, avec 93%, 86%, 92% et 93% des stratégies dépassant les benchmarks sur des périodes de 1, 3, 5 et 10 ans respectivement. La transition vise à rationaliser les opérations et à se concentrer sur une croissance organique durable dans les actions actives, le crédit et les alternatives.
BrightSphere Investment Group Inc. (NYSE: BSIG) gab einen bedeutenden Übergang bekannt und ernannte Kelly Young zum Präsidenten und CEO, beginnend am 1. Januar 2025. Das Unternehmen wird sich in Acadian Asset Management Inc. umbenennen und sein NYSE-Symbol in AAMI ändern. Dieser Schritt folgt der Veräußerung von sechs Beteiligungen, sodass Acadian als einzige verbleibende Beteiligung mit 113 Milliarden Dollar an verwaltetem Vermögen zurückbleibt.
Acadian, bekannt für seine datengestützten Erkenntnisse und systematischen Anlagestrategien, hat in den letzten 1, 3, 5 und 10 Jahren gezeigt, dass 93%, 86%, 92% und 93% der Strategien Benchmarks übertreffen. Der Übergang zielt darauf ab, die Abläufe zu optimieren und sich auf ein nachhaltiges organisches Wachstum in aktiven Aktien, Krediten und Alternativen zu konzentrieren.
- Appointment of Kelly Young as CEO, bringing continuity and expertise from Acadian
- Strong performance metrics with over 90% of strategies outperforming benchmarks
- $113 billion in assets under management
- Streamlined operations focusing on a single, high-performing asset management business
- Expansion into new areas including credit and equity alternatives for potential organic growth
- Transition may cause short-term uncertainty for investors
- Reduced diversification due to divestiture of six affiliates
- Kelly Young to become CEO and Director
- BrightSphere Investment Group to rebrand to Acadian Asset Management Inc.
- BSIG ticker to change to AAMI
Acadian, with
As part of the transition, BSIG plans to change its name to Acadian Asset Management Inc., and the Company’s New York Stock Exchange symbol for its common stock will change to AAMI from BSIG. The Company’s New York Stock Exchange symbol for its
“This repositioning of the public company allows for continued, sustained success and organic growth,” said Ms. Young. “I’m excited to continue working alongside the experienced team at Acadian and the Board to deliver best-in-class investment performance, diversified systematic strategies, and top-tier service to our investors.” Ms. Young will lead the more streamlined enterprise with a continued focus on generating alpha across its systematic investment platform. She added, “client-centered engagement is at the foundation of our business and will remain at the core of everything we do.”
In connection with the appointment of Ms. Young as President and Chief Executive Officer of the Company, Suren Rana will step down as President and Chief Executive Officer, effective December 31, 2024. There are no additional changes in personnel at Acadian or BrightSphere expected in connection with this transition.
“When I acquired our stake in BrightSphere, we had seven different affiliates. Over time we sold six of the affiliates to strategic acquirors and kept our crown jewel Acadian. This simplification of our business also allowed us to return
“This evolution to a single asset management company presents an exciting opportunity to focus exclusively on this exceptional business. At
About BrightSphere and Acadian
BrightSphere is a global asset management holding company with one operating subsidiary, Acadian Asset Management, with approximately
Forward-Looking Statements
This press release includes forward-looking statements which may include, from time to time, statements about the Company’s board and management transition, the changes to the Company’s name and New York Stock Exchange symbols, and the Company’s operations, prospects and the anticipated performance of its business going forward. The words or phrases ‘‘will be,’’ ‘‘will continue,’’ ‘‘will remain,’’ ‘‘may be,’’ “plans,” and other similar expressions are intended to identify such forward-looking statements. Such statements are subject to various known and unknown risks and uncertainties and readers should be cautioned that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance.
Actual results may differ materially from those in forward-looking information as a result of various factors, some of which are beyond the Company’s control. Additional factors that could cause actual results to differ from the forward-looking statements in this release include: the board and management transition and the name and symbol changes may not occur as expected, including on the planned timing, or result in the expected benefits; our reliance on key personnel; our use of a limited number of investment strategies; our ability to attract and retain assets under management; the potential for losses on seed and co-investment capital; foreign currency exchange risk; risks associated with government regulation; and other facts that may be described in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2024. Due to such risks and uncertainties and other factors, the Company cautions each person receiving such forward-looking information not to place undue reliance on such statements. Further, such forward-looking statements speak only as of the date of this press release and the Company undertakes no obligations to update any forward-looking statement to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
This communication does not constitute an offer for any fund managed by the Company or any Affiliate of the Company.
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Investor Relations
ir@bsig.com
(617) 369-7300
Source: BrightSphere Investment Group Inc.
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