MFS appoints Ted Maloney as Chief Executive Officer
20 DEC, 2023
By Johanna Zidani from RankiaPro Europe
MFS Investment Management® (MFS®) has appointed Edward M. 'Ted' Maloney as Chief Executive Officer, effective January 1, 2025. He will succeed Michael Roberge, who will assume the role of Executive Chairman.
Maloney will work under Roberge's guidance and will be responsible for steering the leadership and strategic vision of MFS. He will lead a team overseeing the firm's investment, distribution, finance, human resources, legal, and technological departments.
"I have worked with Ted for almost two decades, witnessing firsthand the profound impact his leadership has had on the firm and our clients worldwide. I am confident that he is the best candidate to lead MFS into the future," stated Roberge. "His appointment is the culmination of many years of leadership planning and aligns with MFS's long-term approach to executive transitions."
Maloney joined MFS in 2005 as an equity analyst and, the following year, took on portfolio management responsibilities as the Global Sector Head. He was appointed Director of U.S. Equity Research in 2011 and Co-Portfolio Manager of Diversified Portfolios in 2012. In 2016, he assumed the role of Global Director of Research, and in 2019, he became Chief Investment Officer, a position he will continue to hold. Additionally, he has built a robust leadership team, including co-directors of investment across fixed income and equity spectrums, provided guidance to fellow investment professionals, and played a crucial role in fostering diversity and inclusion throughout the investment division.
"As MFS approaches its centennial in 2024, I can't help but think about what the next century holds for us. While there's no exact way to know what will happen, I am confident that Ted and future generations of MFS leaders will continue to serve with determination and conviction to responsibly create value on behalf of our clients," added Roberge.
