Crispr Therapeutics shares tumble after significant earnings miss
MILWAUKEE - Artisan Partners Asset Management Inc. (NYSE:APAM), a $3.35 billion asset management firm currently trading at $41.69, announced leadership changes today, with Jason Gottlieb set to take over as Chief Executive Officer, succeeding Eric Colson, who will become Executive Chair. These changes are slated to occur after the firm’s annual stockholders meeting on June 4, 2025. According to InvestingPro data, the company has maintained strong financial performance with 14% revenue growth over the last twelve months.
Gottlieb, currently serving as the President of Artisan Partners, joined the company in October 2016 and has held multiple leadership roles, including Chief Operating Officer of Investments. Before his tenure at Artisan, he was a partner and managing director at Goldman Sachs. His election to the company’s Board of Directors is expected to coincide with his CEO appointment.
Colson, who will transition to Executive Chair, will assume the role from Stephanie DiMarco, who is set to become Lead Independent (LON:IOG) Director. Reflecting on Gottlieb’s appointment, Colson expressed confidence in his successor’s capabilities, citing his track record and strategic contributions to the company.
Gottlieb shared his enthusiasm for the opportunity to lead Artisan Partners, emphasizing the firm’s positioning for growth and commitment to delivering successful outcomes for clients, employees, and shareholders.
Artisan Partners, established in 1994, is a global investment management firm offering a variety of high value-added investment strategies to sophisticated clients worldwide. The firm prides itself on its autonomous investment teams that manage a diverse range of investment strategies across multiple asset classes.
This leadership transition is part of Artisan’s long-term succession planning, aiming to maintain the firm’s trajectory of growth and client service excellence. The information in this article is based on a press release statement from Artisan Partners Asset Management Inc.
In other recent news, Artisan Partners Asset Management Inc. reported its preliminary assets under management (AUM) totaling $166.8 billion as of November 30, 2024. This figure includes $80.5 billion from Artisan Funds and Artisan Global Funds, with the remaining $86.3 billion coming from separate accounts and other investment vehicles. The company noted that approximately $314 million in annual income and capital gains distributions from certain Artisan Funds were not reinvested, impacting the monthly AUM fluctuation. The Growth Team at Artisan manages over $40 billion across various funds, while the International Value Team holds $45.25 billion under management. Additionally, the Global Value Team oversees $29.43 billion. Other strategies managed by the firm include Sustainable Emerging Markets, Credit Opportunities, and the Developing World. These developments provide insight into the company’s financial status as it pertains to AUM in November.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.