# David C. Brown

> David C. Brown is chairman and CEO of Victory Capital, the San Antonio-based global asset manager. He joined in 2004, became CEO following the 2013 management-led buyout from KeyCorp and chairman in 2014. His tenure connects employee ownership, autonomous investment teams and acquisitions including USAA Asset Management and Amundi US; in August 2026 Victory announced a pending acquisition of First Eagle Investments.

- **Role:** Chairman and Chief Executive Officer at Victory Capital
- **Organizations:** Victory Capital Holdings, Inc., Victory Capital Management Inc., Gartmore Global Investments, Inc. (former), Ernst & Young LLP (former), Ursinus College Board of Trustees (former)
- **Education:** Bachelor of Arts in political science with an emphasis on accounting, Ursinus College, Master of Business Administration, Case Western Reserve University
- **Known for:** Led Victory Capital through its 2013 management buyout and subsequent public listing., Oversaw the completed acquisitions of USAA Asset Management Company and Amundi US., Selected for Crain’s Cleveland Business 40 Under 40.

## Career timeline

- **Before 2004** — Worked at Ernst & Young with investment management clients, then spent five years at Gartmore Global Investments in senior management roles.
- **2004** — Joined Victory Capital; subsequently served as president and chief operating officer.
- **2013-08** — Became CEO as management, employees and Crestview completed the buyout from KeyCorp.
- **2014-04** — Became chairman of the board.
- **2018-02** — Led Victory during its initial public offering.
- **2019-07** — Victory completed its acquisition of USAA Asset Management Company.
- **2020-06** — Moved to San Antonio, following the company’s headquarters relocation in 2019.
- **2023-01** — Victory announced its Spurs naming rights and investment partnership.
- **2025-04** — Victory completed the Amundi US transaction and began reciprocal global distribution agreements.
- **2026-08** — Victory announced an agreement to acquire First Eagle Investments, expected to close in the first quarter of 2027 subject to conditions.

## Achievements

- Led Victory Capital through its 2013 management buyout and subsequent public listing.
- Oversaw the completed acquisitions of USAA Asset Management Company and Amundi US.
- Selected for Crain’s Cleveland Business 40 Under 40.

## Latest updates

- **2026-08** — Victory announced an approximately $7 billion agreement to acquire First Eagle Investments. The projected $571 billion in combined total client assets is contingent on closing, expected by the end of Q1 2027.
- **2026-05** — Featured as the inaugural guest in Ignites’ Fireside Chat series.
- **2026-02** — Appeared on episode 268 of Absolute Return to discuss Victory’s asset management platform.
- **2026-01** — Discussed his upbringing, basketball and life in San Antonio on KSAT’s Pickup Lines and the Spurs partnership on Locked On Spurs.

## Links

- Website: https://investor.vcm.com/about-victory/leadership-team/david-c-brown
- LinkedIn: https://www.linkedin.com/in/david-brown-79888b2

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Profile page: https://yespress.io/david-c-brown
Published by YesPress — https://yespress.io
Last updated: 2026-10-14