First Eagle Announces John Arnhold’s Retirement
After an extensive and successful career at First Eagle Investment Management, John Arnhold—former Chairman, CEO and CIO—has decided to retire from the firm. He will step down from his current position as Non-Executive Chairman effective June 30, 2017. He will continue to serve as a Director of First Eagle Investment Management’s parent company, First Eagle Holdings, Inc.
John joined Arnhold and S. Bleichroeder, Inc., the predecessor to First Eagle, in 1983, and over the years he played a central role in helping to build the highly regarded asset management firm that First Eagle is today.
“I want to thank John for his role in shaping this remarkable company and for his guidance and support during my first year here,” said Mehdi Mahmud, CEO of First Eagle Investment Management. “John is an insightful sounding board, and I hope to continue to foster our relationship in the years to come.”
“I am very proud to have been part of First Eagle for over three decades and to have led the company from its roots as an investment bank and securities broker to a well-respected investment management firm,” John said. “I am confident that under Mehdi’s leadership, the company’s clients will continue to benefit from the careful stewardship of their assets through First Eagle’s time-tested investment approach.”
John will continue to be active in providing portfolio management and advisory services to a select group of clients after his transition from First Eagle.
We are deeply grateful to John for his leadership over the years.