Rob Arnott, the founder Research Affiliates, which specializes in smart beta and asset allocation investment strategies, has stepped down from his role of CEO but continues as the firm’s chairman and maintains his research, client, and portfolio management responsibilities.
Katrina (Katy) Sherrerd, president of the firm and chief operating officer, replaces Arnott as CEO but continues to perform the duties of the COO, managing business functions while also focusing on firm culture and governance and executing key strategic initiatives.
“Katy has been running day-to-day operations at Research Affiliates for many years and this promotion simply formalizes her position,” said Arnott in a statement. “I will continue to dedicate my time to areas that I am most passionate about: research, portfolio management, product innovation, business strategy and client-facing activities.”