Thornburg Investment Management, based in Santa Fe, will begin the search for its next leader soon.
In a news release dated May 5, the global firm that oversees over $40 billion in assets announced that its President and CEO Jason Brady would step down "later this summer." He will also resign from his position on the board.
The board is looking for a replacement.
Brady stated in a release that he was "proud of what I have achieved since joining Thornburg, especially the strength of our team, and grateful for the chance to serve as president and CEO of the firm for almost eight years." "This is an appropriate time to bring in a new leader and I will remain fully engaged and involved while the Board searches out a successor."
Garrett Thornburg, who is currently the chairman of the company, founded the firm in 1982. The company has also offices in Hong Kong, Shanghai and other Asian countries.