MFS appoints new CIO after CEO promotion

MFS Investment Management has appointed Alison O’Neill as its new Chief Investment Officer, succeeding current CIO Edward Maloney who was promoted to Chief Executive Officer last December.

Effective from 1 January 2025, the appointment will see O’Neill spearhead the firm’s investment team of 300 people across teams in equity, fixed income, quantitative solutions and global trading.

“Alison is an exceptional leader and culture carrier. She brings valuable investment knowledge across industries and sectors to her role as CIO, as well as deep conviction in the firm’s long-term-focused investment platform,” Maloney said.

“During her nearly 20 years with the firm, she has been involved in hiring and mentoring many members of the investment team and has collaborated with leadership across the department to help enhance our investment platform.

“Alison is a fantastic teammate in the truest sense of the word, and we look forward to her bringing her unique experience and perspective to MFS’ Management Committee.”

O’Neill first joined MFS in 2005 as an equity research analyst, before becoming Director of Research for North America in 2016 and then co-CIO of Equity in 2020.