Insight Investment, a global asset manager across liability driven investment, fixed income, currency solutions, cash management, absolute return, and multi-asset, has announced Raman Srivastava as its CEO designate, according to a report by Pension & Investments.

Srivastava will succeed Abdallah Nauphal when he retires later this year after a 17-year tenure as Chief Executive Officer, according to a report by Pension & Investments.

Nauphal, who joined Insight in 2003 as Chief Investment Officer (CIO) and assumed the CEO role in 2007, has played a pivotal role in shaping the firm's growth. Under his leadership, Insight became a global leader in fixed-income and liability-driven investment strategies, managing £665bn ($889.2bn) in assets as of 30 September. Nauphal stepped back from his CIO responsibilities in 2016.

Srivastava, currently based in London, will work with Nauphal to ensure a seamless transition. He reports to Jose Minaya, global head of BNY Mellon’s investments and wealth division, Insight’s parent company. The firm expects Srivastava to formally take over as CEO in the spring.

Srivastava joins Insight from Great-West Lifeco, where he served as Executive Vice President and Global CIO.