Boston-based systematic hedge fund firm Acadian Asset Management (Acadian) has appointed Kelly Young as its new Chief Executive Officer. Young will retain her seat on the Acadian Executive Committee.

She succeeds Ross Dowd, who has served in the CEO role since 2018 with Ted Noon set to succeed Young as Chief Marketing Officer at Acadian.

As CEO, Young will oversee Acadian’s day-to-day operations, execute its long-term strategic initiatives, and drive its next phase of growth. She brings a deep understanding of Acadian’s business and clients, having served in key leadership roles during her 15 years with the Firm, most recently as Executive Vice President, Chief Marketing Officer.

Young joined Acadian in 2009 by way of its UK business after serving as the European head of the index fund management business for SGAM Alternative Investments. Previously, she held senior portfolio management positions at Northern Trust Global Investments and Barclays Global Investors.

Noon, who previously served as Senior Vice President, Director of the Americas Client Group, will now oversee Acadian’s global client service and distribution efforts. The rest of Acadian’s leadership team will remain in place, including Brendan Bradley as Executive Vice President, Chief Investment Officer.