Insight Investment has announced a new chief executive to succeed Abdallah Nauphal, who is set to step down in the first half of 2025.
Nauphal has served as CEO at the global asset manager since 2007. Prior to this, he was the chief investment officer for four years between 2003 and 2007.
He is understood to be the longest-serving CEO of a large European investment manager, having led the firm’s growth from £75 billion ($150 billion) to £665bn in his 17-year tenure.
With his departure, Raman Srivastava, who most recently served as the executive vice-president and global chief investment officer at insurer Great-West Lifeco Inc, has been named CEO designate.
“I am thrilled to join Insight, a world-class investment firm, and I look forward to working with Abdallah and the executive team, as well as engaging with my new colleagues, clients and their advisers,” said Srivastava.
“Leading such a successful organisation into the next exciting phase of its ambitious growth strategy is both an honour and an incredible opportunity.”
According to Insight, he will be working closely with Nauphal in the coming months to support a smooth and seamless transition.
Reflecting on the search for a suitable appointment to lead the asset manager, Nauphal said he remains “exceptionally proud” of Insight’s growth trajectory.
“It is still hard to imagine leaving a business that has been such a large part of my life for so long and I am exceptionally proud of what we have achieved over the last 20 years,” he said.
“Having been heavily involved in the process to select a suitable successor over the last year, I know that the business will be in safe hands under Raman’s leadership, and I look forward to watching Insight’s continued success for years to come.”
Srivastava brings over 25 years of experience in the investment industry to Insight, including five years as deputy CIO and managing director for global fixed income at Standish Mellon Asset Management in Boston and over a decade as managing director and portfolio manager at Putnam Investments.
In his previous role at Great-West Lifeco, he served as a key member of the senior executive team, working closely with the CEO and board on various investment, capital market, and strategic initiatives. He also served as chair of the board and has held a number of board positions across the asset management and insurance sectors.
Srivastava will now report to Jose Minaya, global head of BNY Investments and Wealth, who was appointed in mid-2024 from Nuveen.
Commenting on the changes, Minaya thanked Nauphal for his significant contributions to the global asset manager.
“I’d like to thank Abdallah for his many achievements as CEO, providing the strategic direction which has shaped Insight to become the world-class investment manager that it is today,” he said.
“I’d also like to congratulate Raman on his appointment to lead Insight in the next exciting phase of its growth strategy.”
The news comes off the back of a multitude of senior executive changes in the last year, including Vanguard CEO Tim Buckley, who retired at the end of 2024, and Stephen Bird, chief executive of abrdn, who stepped down in May.
