Loomis, Sayles & Company is adding a new position following the retirement of its director of fixed income trading.

Rowland “Chip” Bankes will join the Boston firm in the newly created role of head of trading, responsible for the management of the company’s overall trading capabilities effective, May 21, 2012.

Bankes was previously head of fixed income and trading at US Trust, Bank of America.

Jan Sharp, the director of fixed income trading, will retire after over 30 years at the firm.

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Company Press Release

BOSTON, MA (May 24, 2012) – Loomis, Sayles & Company announced today that Rowland “Chip” Bankes will join the company as its Head of Trading, responsible for the management of the company’s overall trading capabilities effective May 21, 2012. This new position was prompted by the decision of Jan Sharp, director of fixed income trading, to retire after over 30 years at Loomis Sayles. In addition to replacing Jan, Chip will also oversee our equity trading desk in order to fully leverage the firm’s global trading footprint.

Chip, who brings with him over 23 years of senior investment experience, joins Loomis Sayles from US Trust, Bank of America, where he was most recently the head of fixed income and trading, responsible for the oversight and management of the company’s centralized fixed income investment platform including portfolio management, research and trading. Chip will report to Jae Park, chief investment officer, fixed income.

In his new position, he will oversee both the fixed income and equity global trading capabilities and serve as the primary point of contact for day-to-day operation and management of the fixed income trading desk, including all traders, trading risk managers and portfolio specialists. Susan Short Green will continue in her role as director of equity trading, reporting directly to Chip. “Chip brings a breadth of experience across all asset classes and we are excited to have him on board,” said Robert J. Blanding, CEO. “His demonstrated ability to integrate trading intelligence into the investment process through his trading and portfolio management background is consistent with how we approach trading at Loomis Sayles. Working with our equity desk, he will also ensure we present a more cohesive face to our trading partners.”

“We are sad to see Jan leave after such a long and illustrious career here at Loomis -- we wish her the very best in her retirement,” said Jae Park. “We believe Chip is an excellent fit to fill her shoes. Given his extensive fixed income trading experience, we are confident he will handle the transition seamlessly as well as become a valuable resource to all of our investment teams.”

Prior to US Trust, Chip was a managing director for the capital structure sales team at R.W. Pressprich & Co. He spent 12 years at Putnam Investment Management where he held senior positions on both the equity and fixed income trading desks including senior domestic equity and convertible bond trader, seniorinternational equity trader, and head of high grade corporate bond trading.

Earlier in his career, Chip worked at Jennison Associates Capital Corp., as the head of high grade corporate bond trading and Fidelity Management, where he was a corporate bond trader. Chip received a BA in economics from Ohio Wesleyan University and a MS in finance from Northeastern University. About Loomis Sayles Since 1926, Loomis, Sayles & Company, L.P. has served the investment needs of institutional and mutual fund clients. As performance-driven investors seeking exceptional opportunities, Loomis Sayles employs actively managed disciplines that combine fundamental research, systematic risk assessment and experienced portfolio management. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages more than $172.3 billion in equity and fixed income assets as of March 31, 2012.

 

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