BOSTON–(BUSINESS WIRE)–Wellington Management, one of the world’s largest investment management firms, today announced that Erin K. Murphy, CFA, will succeed Edward J. Steinborn as Chief Financial Officer (CFO). Mr. Steinborn plans to retire in June 2023. Ms. Murphy, who will be reporting to Jean M. Hynes, Chief Executive Officer, will be transitioning into the role assuming responsibilities when Mr. Steinborn retires in 2023.
Ms. Murphy, Senior Managing Director and Partner, joined Wellington in 2001 and has served in various roles including most recently as head of Investment Strategy since 2018. In her current role, she works closely with Wellington’s clients to fully understand their investment challenges and advise on solutions that leverage the full breadth of the firm’s investment capabilities. Additionally, Ms. Murphy chairs Wellington’s Operating Committee responsible for resource allocation at the firm. Previously, she was Director of Equity Product Management (2016-2018), Associate Director of Global Equity Portfolio Management (2011-2016), Consultant Relations Manager (2008-2011) and served in a variety of Business Manager roles (2001-2008). Ms. Murphy earned an MBA from Stanford University, a BS in economics and civil engineering systems from the University of Pennsylvania, and is a CFA charterholder and member of the CFA Institute.
As CFO, Ms. Murphy will be responsible for executing the firm’s financial strategy, including oversight of all financial and operational accounting functions. She will work closely with the CEO Management Team to implement the firm’s strategy and mission.
“We are fortunate to replace Ed as CFO with Erin, one of our most accomplished senior business leaders,” said Ms. Hynes. “Ed has worked diligently to ensure Wellington’s continued fiscal strength and helped to lead our global growth initiatives. We know Erin will demonstrate the same outstanding commitment to our clients, our staff and business partners as Ed has done for the past 17 years.”
Mr. Steinborn joined Wellington in 2005 and was elected Partner in 2007. Throughout his long tenure, he contributed immeasurably to Wellington’s growth and success, leading an exceptionally capable financial and operational accounting group.
About Wellington Management
Tracing its history to 1928, Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,200 clients in more than 60 countries. The firm manages more than US$1.4 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. As a private partnership whose only business is investment management, the firm aligns its long-term views and interests with those of its clients. The firm offers comprehensive investment management capabilities that span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, sustainable investing and alternative strategies. With more than 800 investment professionals located in offices around the world, Wellington pairs deep multi-disciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment. For more information about the firm, please visit www.wellington.com.
