CEO Marc Mayer
just left GMO (Graham Mayo Van Otterloo & Co.) [see profile]
. The Boston-based asset manager's Web site
now lists Brad Hilsabeck
, formerly head of global client relations, as the new chief, and Hilsabeck also took Mayer's GMO board seat.
Both Pensions & Investments
reported on the move.
A GMO spokesman told P&I that Mayer left today "to pursue other interests." Mayer first took the CEO spot two years ago. GMO co-founder and chief investment strategist Jeremy Grantham
told both pubs that Hilsabeck "has everyone's trust [and] will be successful in this new role." Neither report offers an explanation for Mayer's departure.
Neil Anderson, Managing Editor
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