Russell Investments has named Michelle Seitz as its new CEO, replacing Len Brennan who will step down after six years in the role.

Seitz will also become the board chair on 1 January 2018, and will be based in Seattle.

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Seitz has an experience of three decades in the asset management sector. Before joining Russell, she led William Blair Investment Management (WBIM).

She previously also served in senior portfolio management positions at WBIM, Concord Investment Company, and Nationsbank.

The leadership transition follows the acquisition of Russell by TA Associates and Reverence Capital Partners.

TA Associates managing director Todd Crockett said: “We are excited to welcome Michelle as Russell Investments’ new CEO, and believe that her forward-looking leadership will help propel the firm into a new phase of evolution and growth that will benefit clients and associates alike.”

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Meanwhile, Brennan will continue to serve as chairman till 2017 end and then assume the role of a strategic adviser at the company.

Commenting on Brennan, Reverence Capital Partners managing partner Milton Berlinski said: “Under Len’s leadership for the past six years, the firm has built on its legacy of asset management innovation to offer industry-leading multi-asset solutions and recognized OCIO capabilities that position Russell Investments for the future and address the exacting demands of investors globally.”