American Century said the appointment, taking immediate effect, include:
- Mark Mellon as CIO
- William Lyons as ACIM president
- James Stowers III resuming his position as US growth equities CIO
Mallon, 54, is now responsible for CIOs and teams with 160 people managing about $75 billion in assets. Formerly, he was the value/quantitative CIO. He joined American Century in 1997 after holding several executive jobs at Federated Investors.
After spending the past two years researching and developing investment management technologies, James Stowers III, 43, moves back into the position of CIO for US growth equities. Son of the company’s founder, Stowers III has been with American Century since 1981.
Lyons, 46, joined American Century in 1987 as assistant general counsel. He was named general counsel in 1989 and promoted to executive vice president in 1994. In 1997 he became president of American Century Companies, Inc. and two years later assumed the additional role of CEO.
American Century said Lyons would retain the role of president of American Century Companies.
The moves come in the wake of some executive departures at American Century, most recently that of Kim Goodwin, who left to join State Street Research & Management as CIO – equities (see State Street Taps Goodwin as Equity CIO ).