Thornburg Investment Management, a privately owned global investment firm headquartered in Santa Fe, N.M., has appointed both Ben Kirby and Jeff Klingelhofer to the newly created positions of co-heads of investments, according to a news release.
In their expanded roles, Kirby and Klingelhofer will lead Thornburg’s investment process, deepen the firm’s risk management platform and guide the implementation of ESG analysis across the entire suite of investment solutions while continuing to manage their existing portfolio responsibilities.
Kirby joined Thornburg in 2008 as an equity research analyst. He was promoted to associate portfolio manager in 2011 and was subsequently named portfolio manager and managing director in 2013. Klingelhofer joined the firm in 2010. He was promoted to associate portfolio manager in 2012, then portfolio manager and managing director in 2015.
The two will report to Thornburg President and CEO Jason Brady.
Brian McMahon, who co-manages Thornburg’s global equity portfolios and currently serves as chief investment officer, will assume the new title of chief investment strategist.
Thornburg oversaw $43 billion in client assets as of August 31, 2019.