20 Years and $240B In, a CEO Passes the Reins
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Friday, March 06, 2015

20 Years and $240B In, a CEO Passes the Reins

Bob Blanding is crowning a new CEO at Loomis Sayles [profile].

Today Blanding, Loomis' chairman and CEO, confirms that on May 1 president and chief financial officer Kevin Charleston will become CEO of the Boston-based Natixis subsidiary. Blanding, who will be 68, will stay on as chairman. Charleston, 49, will remain president but will pass the CFO hat to treasurer Paul Sherba, 54.

"This is the right time to transfer my day-to-day responsibilities as CEO," Blanding states.

Charleston has served as CFO of Loomis since he joined the firm in 2000. He became president a year ago.

Blanding joined Loomis, then a 51-year-old firm, in 1977, and he took over as chairman and CEO in 1995. When he ascended the throne, the firm had $38 billion in assets under management; it now has $240 billion.

Loomis' investing leadership, notably chief investment officer Jae Park and vice chairman and star PM Dan Fuss, will remain unchanged.

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