CHICAGO–(BUSINESS WIRE)–AAM Insurance Investment Management (AAM) announced today that Dan Byrnes, CFA, has been named Chief Executive Officer, effective April 4, 2026. Byrnes succeeds John Schaefer, CFA, who will transition to a Senior Advisor role as part of AAM’s long-term succession plan.
Byrnes currently serves as President and Senior Portfolio Manager at AAM. As CEO, he will assume responsibility for the firm’s overall strategy, operations, and client relationships, while continuing to uphold AAM’s long-standing client-centric culture.
“Dan has been an integral part of AAM’s success for more than two decades,” said John Schaefer. “He brings a deep investment expertise, strong leadership, and a collaborative approach that reflects our firm’s values. Dan will do a great job as our leader and will continue our ethos that places our clients’ interests first.”
Prior to joining AAM, Byrnes worked as an accountant at CNA Insurance. He is a CFA Charterholder and a member of the CFA Society of Chicago. Byrnes earned a BS in Finance from the University of Illinois at Urbana-Champaign and an MBA from the Booth School of Business at the University of Chicago.
“I am honored to assume the role of CEO,” said Byrnes. “I want to thank John for his leadership of the firm over the years. I look forward to working with my colleagues at AAM to ensure we are a trusted partner for our clients and to continue helping our clients achieve their objectives.”
About AAM Insurance Investment Management
AAM Insurance Investment Management (AAM) is an investment management firm specializing in serving the insurance industry since 1982. AAM partners with Property & Casualty, Life, Health, and Government Risk Pool clients to deliver tailored investment solutions designed to meet regulatory, risk, and return objectives. As of December, 31, 2025, the firm has $27.4 billion of assets under management (AUM) for 121 insurance clients and has been named to the Pensions & Investments magazine list of Best Places to Work in Money Management* for nine straight years.
*The ‘Best Places to Work in Money Management’ accolade does not represent a statement of any advisory client and does not describe any experience with or endorsement of AAM as an investment adviser by any such client.
Contacts
Contact: Peter Harmon, VP, Marketing Manager
Email: [email protected]
Phone: 312-263-2900
