AAM Insurance Investment Management Names Dan Byrnes Chief Executive Officer

February 3, 2026

Chicago, IL – AAM Insurance Investment Management (AAM) announced 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 reflect our firm’s values. Dan will do a great job as our leader and 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.

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Contact: Peter Harmon, VP, Marketing Manager

Email: peter.harmon@aamcompany.com

Phone: 312-263-2900



*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.

Disclaimer: Asset Allocation & Management Company, LLC (AAM) is an investment adviser registered with the Securities and Exchange Commission, specializing in fixed-income asset management services for insurance companies. Registration does not imply a certain level of skill or training. This information was developed using publicly available information, internally developed data and outside sources believed to be reliable. While all reasonable care has been taken to ensure that the facts stated and the opinions given are accurate, complete and reasonable, liability is expressly disclaimed by AAM and any affiliates (collectively known as “AAM”), and their representative officers and employees. This report has been prepared for informational purposes only and does not purport to represent a complete analysis of any security, company or industry discussed. Any opinions and/or recommendations expressed are subject to change without notice and should be considered only as part of a diversified portfolio. Any opinions and statements contained herein of financial market trends based on market conditions constitute our judgment. This material may contain projections or other forward-looking statements regarding future events, targets, or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved and may be significantly different than that discussed here. The information presented, including any statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein. Past performance is not an indication of future returns. This information is distributed to recipients including AAM, any of which may have acted on the basis of the information or may have an ownership interest in securities to which the information relates. It may also be distributed to clients of AAM, as well as to other recipients with whom no such client relationship exists. Providing this information does not, in and of itself, constitute a recommendation by AAM, nor does it imply that the purchase or sale of any security is suitable for the recipient. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, inflation, liquidity, valuation, volatility, prepayment, and extension. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.