MFS Investment Management, a Boston-based asset management firm announced a significant leadership transition set for January 1, 2025, with Alison O’Neill stepping up as the Chief Investment Officer. She will be taking over from Edward M. “Ted” Maloney, who is poised to become the CEO of the company on the same date. This update follows the company’s announcement made in December last year.

O’Neill, who joined MFS in 2005 and recently held the position of co-CIO for equity, will continue in her role as co-CIO for equity temporarily, in addition to her new responsibilities. The company spokesperson, while sparse on details, confirmed her ongoing oversight of the Massachusetts Investors Trust portfolio and other institutional strategies, which are part of MFS Investment Management’s offerings. As of the end of February, the company reported managing $615.1 billion in assets.

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