Conning, a provider of asset management solutions, services and research to the insurance industry, has appointed Woody Bradford as CEO of the company, effective 2 January 2012.

Bradford replaces Salvatore Correnti, who will continue to serve in an advisory capacity as vice chairman and member of the Board of Directors of Conning.

Bradford joined Conning in early 2010 and was promoted to president and chief operating officer in September 2010.

He has led the company’s expansion into Asia earlier this year by establishing a joint venture partnership with Cathay Financial Holdings, and enhanced Conning’s position in Europe by appointing, in a newly created position, a European chief investment officer.

Prior to joining Conning, Woody was an Operating Partner with Advent International, a global private equity firm. Before this, he spent 12 years at Putnam Investments where he held various positions, including head of Corporate Development and chief operating officer of Global Distribution.

Conning chairman and Aquiline Capital Partners chief executive Jeff Greenberg said Woody has a long record of success in this industry including his work at Conning over the last two years, and the Board and he believe Woody is the right leader to move Conning to the next stage of its development

"Sal has helped Conning thrive through difficult market conditions and under his watch, the company has increased assets under management four-fold, from $23bn to $85bn," Greenberg said.