Cambridge Associates Names Druley Chairman and CEO

Apr 28 2016 | 9:14pm ET

Institutional consulting company Cambridge Associates has promoted current president and head of global investments David Druley to chairman and CEO.

Druley will replace current CEO Sandra Urie in the role, according to the company. Urie will step back from day-to-day management after 16 years at the helm and will serve as chairman emeritus, while current head of private client practice Philip Walton will succeed Druley in the president position.

The appointments will become effective on July 1.

Druley joined Cambridge Associates in 2003. Before becoming president and head of global investments, he headed the firm’s global pension practice. Prior to Cambridge, he managed his own investment management firm for nine years.

“I am delighted that David Druley has agreed to lead Cambridge Associates,” said Urie in a statement Thursday. “He has worked with all types of clients and has always demonstrated a laser-like focus on delivering value to them. Based on his visionary leadership of our pension practice, and more recently our Global Investing Group, I am certain he will lead the firm with a continued, unwavering commitment to our clients and the firm.”

Founded in 1973, Boston-based Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. The company serves over 1,000 global investors with investment advisory, outsourced investment solutions, research, tools, and performance monitoring across global asset classes.

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