CambridgeAssociates LLC appointed David Druley chairman and CEO, effective July 1.

Druley succeeds Sandra Urie, who will step down from the roleas part of a long-term succession plan. Philip Walton will replace Druley aspresident.

Currently, Druley is president and head of globalinvestments, while Walton is head of the private client practice, according toan April 28 news release.