Thornburg makes two new appointments
Thornburg Investment Management (Thornberg), a global investment firm that oversees USD43 billion in assets, has appointed Ben Kirby and Jeff Klingelhofer as co-heads of investment – a newly-created position.
Kirby and Klingelhofer will lead Thornberg’s investment process, deepen the firm’s risk management platform and guide the implementation of ESG analysis across the entire suite of investment solutions. They are to join Thornberg’s executive management team, reporting to Jason Brady, Thornburg President and CEO.
“Ben and Jeff are exceptional leaders, and their contributions and success as investors on multiple investment strategies along with their embodiment of team-centric collaboration have been significant to our firm and clients,” says Brady. “Aligning the team under Ben and Jeff brings more transparency and clarity to the investment team reporting structure, and helps position Thornburg for its next phase of growth.”
In addition to these appointments, Brian McMahon, who currently serves as Thornerg’s chief investment officer, will assume the new title of chief investment strategist. McMahon will continue to serve as a portfolio manager on multiple global equity strategies and hold the role of vice chairman on Thornberg’s Board of Trustees and Board of Directors.
“I am honoured to help continue Thornburg’s nearly 40-year history of using a collaborative structure and unsoiled approach to investing,” says Kirby. “It’s an incredible opportunity to work with, and learn from, Brian, Jeff, and such a diverse investment team. I look forward to helping drive continued positive outcomes for investors.”
“I feel privileged to help lead such a strong team, and along with Ben, further implement an expansion to Thornburg’s risk management platform,” says Klingelhofer. “As we meet the complex and evolving needs of investors, particularly global institutions, it’s more important than ever to empower our investment team to understand, measure, and assess risk at all levels of the portfolio construction process.”