MFS Investment Management, a renowned asset manager founded a century ago in Boston, has announced the appointment of Edward M. "Ted" Maloney as its new chief executive officer (CEO). Maloney will assume the position effective from January 1, 2025, succeeding Michael Roberge.
The appointment of Ted Maloney as CEO comes as part of MFS Investment Management's carefully planned succession strategy. With $576 billion in assets under management, the company aims to ensure a seamless transition of leadership and maintain its strong position in the industry.
In a significant move, MFS Investment Management is planning to launch its first exchange-traded funds (ETFs) in the coming year. This development marks a notable expansion of the company's investment offerings, allowing investors to access a broader range of investment options.