Jean Hynes has been named the next CEO of Wellington Management, one of the largest independent investment firms in the world with more than $1 trillion in assets under management. She will take over from Brendan Swords when he retires on June 30, 2021.
After assuming her new role, Hynes is set to continue leading the $49.7 billion Vanguard Health Care Fund, which she has managed since 2008.
Wellington is Vanguard’s largest and longest tenured external manager. It works on about 20 of the fund giant’s portfolios and some $395 billion in client assets under management.
Hynes’ Career Path
Currently a managing partner of the firm, Haynes joined Wellington in 1991 after graduating from Wellesley College with a B.A. in economics.
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At Wellington, she has focused on the pharmaceutical and biotechnology industries, and has served as a health care portfolio manager and leader of the health care sector research team. Since 2014, she has been one the firm’s three managing partners alongside Swords.
In a statement, Hynes said, “I have had the privilege of learning alongside Brendan for many years, and I am looking forward to building on our long heritage of helping our clients and their beneficiaries around the world achieve their investment goals.”