RS Investments has named Matthew H. Scanlan chief executive officer. He was previously president and CEO of Renaissance Institutional Management, a subsidiary of hedge fund manager Renaissance Technologies. Previously, he was head of Barclays Global Investors' institutional business and a portfolio manager at The Northern Trust Co.

"We are delighted to welcome a business leader of Matt's caliber to RS Investments," said outgoing CEO Terry Otton, who will be retiring after Scanlan moves into his new role. "The RS organization and our board unanimously agreed that Matt was the right fit for RS.

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