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Stock impact report

BrightSphere Names Suren Rana as Chief Executive Officer

BrightSphere Investment Group Inc. (BSIG) 
Last brightsphere investment group inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--BrightSphere Investment Group Inc. (NYSE: BSIG) announced today that it has appointed its Chief Financial Officer, Suren Rana, as its Chief Executive Officer and President effective immediately. Mr. Rana will also join the Board of Directors. Guang Yang will be stepping down as CEO, President and Chairman. In addition, the Board elected John Paulson to succeed Mr. Yang as Chairman.John Paulson said: “Suren Rana will be leading the Company as CEO going forward. As we look to grow our assets, we have found that tailored efforts led by our Affiliates directly, rather than centralized efforts, have been the most productive. Therefore, going forward, the Company will focus its distribution and product development efforts at the Affiliate level and will cease the supplemental efforts at the corporate headquarters by transitioning them to the Affiliates. Suren will lead this targeted approach and his experience in capital and resource allocation will be an asset Show less Read more
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