Next year, a 30-year company veteran will take over a giant mutual fund subadvisor.
| Jean M. Hynes|
Managing Partner, Portfolio Manager, Global Industry Analyst
Yesterday Brendan Swords
, CEO of Wellington Management
that he will retire
from the Boston-based institutional asset manager on June 30, 2021, passing the reins
to Jean Hynes
. Hynes, one of the firm's three managing partners, is also a star
healthcare portfolio manager and global industry analyst.
Wellington is a private partnership with more than 800 investment professionals, more than $1 trillion in AUM, and more than 2,200 clients (mostly institutional ones). In the mutual fund world, the 87-year-old Wellington subadvises a number of funds for Vanguard and Hartford; Hynes PMs funds for both of those Wellington allies.
Swords lauds Hynes for demonstrating "the vision, optimism, and fortitude to lead Wellington in the years ahead" and trumpets "her extensive investment and leadership experience." And Tim Buckley
, CEO of Vanguard, reportedly describes
Hynes as "an extraordinary investor and leader."
Hynes, an alumna of Wellesley College, has spent her entire, 29-year career at Wellington. She joined the firm in 1991, fresh out of school, and during her tenure as a PM and analyst she has researched biotech and pharmaceutical businesses. She rose to managing partner in 2014, the same year Swords took over as CEO.
Swords, an alumnus of Harvard Business School and of the College of the Holy Cross, joined Wellington in 1992. He rose to partner in 1999, managing partner in 2008, and CEO in 2014. Before his time at Wellington, he worked at McKinsey and served as a captain in the U.S. Air Force.
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