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Thursday, May 11, 2023

Who Will Take Over This $42B-AUMA Firm?

Reported by Neil Anderson, Managing Editor

In the Southwest, a $42-billion-AUMA (as of April 30) mutual fund firm's chief is preparing to say goodbye, and there's no official word yet on who will take over next.

Jason Henry Brady
Thornburg Investment Management
President, CEO
Last Friday, Jason Brady, president and CEO of Thornburg Investment Management [profile], and Garrett Thornburg, chairman and founder, confirmed that Brady will leave the firm later this year. Brady will also step down as a Thornburg portfolio manager and will leave the Santa Fe, New Mexico-based asset manager's board of directors. Stay tuned for word on whom the Thornburg board will pick to fill Brady's shoes.

"This is the appropriate time for a new leader to step in and I remain fully involved and engaged while the Board searches for a successor," Brady states.

Garrett Thornburg lauds Brady for "delivering strong results ... and notably assembling an experienced group of world-class leaders at the organization."

"Our 41-year foundation leaves us well positioned ot make the next phase of our growth the most exciting in our company's history," Garrett Thornburg states.

Brady joined Thornburg back in 2006 and became a PM the next year. He took over as president and CEO in 2016.

Before joining Thornburg, Brady worked as a PM at Fortis and as a bond trader at Fidelity. He is an alumnus of Northwestern University's Kellogg School of Management and of Dartmouth College. 

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