Skip to main content
- Funds
- Insights
- Capabilities
- About Us
- My Account
Erin K. Murphy to Succeed Edward J. Steinborn as Chief Financial Officer of Wellington Management
Boston, MA., 10 February 2022 — 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 Chief Executive Officer Jean M. Hynes, 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, which is 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 multidisciplinary research resources with independent investment teams operating in an entrepreneurial “boutique” environment. For more information about the firm, please visit www.wellington.com.
Monthly Asset Allocation Outlook
Wondering how to reposition your portfolio amid election-related uncertainty? Explore the latest monthly snapshot of our Multi-Asset Team’s asset class views.
Securitized credit: Normalizing, decelerating, or falling off a cliff?
Our experts offer their views on the current conditions and outlook for the securitized credit market.
Sahm rules are meant to be broken
Fed easing is finally here and fundamentals remain favorable. But what about that election? Members of our Investment Strategy & Solutions Group offer their outlook, including their latest views on equities, bonds, and commodities.
What’s next after Iran’s missile attack on Israel?
Geopolitical Strategist Thomas Mucha shares his analysis of the latest escalation in the Middle East conflict, including his thoughts on a wider regional war and the market implications.
Unearthing the unseen in geopolitics
Unearthing the unseen in geopolitics. Watch Geopolitical Strategist Thomas Mucha delve into the investment impact of structural geopolitical shifts and share his latest take on the upcoming US election.
Quality breakfast with… Steve Angeli
We sat down with Steve Angeli, Equity Portfolio Manager in the Quality Growth team, to hear about his personal story, his investment philosophy managing the quality growth strategy, and his market views.
An active investor’s guide to growth equities
Our experts offer their view on the current economic environment, explore best practices for investing in high-quality growth equities, and highlight where they see opportunity now.
Bonds in Brief: Making Sense of the Macro — August issue
What's driving global bond markets and what are the investment implications? Read August's issue of "Bonds in Brief" for Wellington Investment Director Marco Giordano's monthly assessment of risks and opportunities within bond markets.
Opportunities in high yield: ready, steady, pounce?
Fixed income investors face a fundamentally different environment, but opportunities to target growth in high yield are emerging, provided investors can stay on the front foot.
Opportunities in high yield: ready, steady, pounce?
Fixed income investors face a fundamentally different environment, but opportunities to target growth in high yield are emerging, provided investors can stay on the front foot.
Beyond the hype: finding AI’s long-term winners
Our expert argues that a long-term mindset based on deep research can help to uncover evolving AI investment opportunities amid the hype.
URL References
Related Insights