Today a veteran fixed income executive is taking over Voya's
] asset management arm. Meanwhile, the asset manager's current chief is moving on after seven years at the helm, and a new chief is taking over the fixed income side of the unit.
| Christine Hurtsellers|
Chief Executive Officer of Investment Management
succeeds Jeffrey Becker
as CEO of Voya Investment Management, confirms
Voya Financial chief operating officer Alain Karaoglan
. Hurtsellers reports to Karaoglan, who also serves as CEO of retirement and investment solutions at Voya.
According to Voya's statement yesterday, Becker, age 50, "has decided to leave the firm for an opportunity at another company." Then this morning Prudential revealed
that Becker will take over its Jennison Associates unit on October 3.
Hurtsellers has served as Voya IM's fixed income officer since 2009, the same year that Becker took over as CEO of the asset manager. Matt Toms
, who joined in 2009 and has served as Voya IM's head of public fixed income since 2011, will continue to report to Hurtsellers and will succeed her as fixed income CIO.
| Matt Toms|
Chief Information Officer of Fixed Income
Karaoglan lauds Hurtsellers as "an inspirational leader, an exceptional money manager and one of the brightest people in our industry."
"As chief investment officer of Fixed Income, she has overseen a dramatic turnaround in the performance of our fixed income assets, and this has been key to our recent business growth," Karaoglan states.
Hurtsellers praises the Voya IM team as having a "great, entrepreneurial culture."
"Across the firm, we have experienced portfolio managers generating strong performance as well as talented, client-focused distribution groups and strong infrastructure teams," Hurtsellers states. "I am both honored and excited to be leading Voya Investment Management as we continue forward on our mission to help our clients achieve their financial goals with confidence."
| Alain Karaoglan|
Chief Operating Officer and Chief Executive Officer of Retirement and Investment Solutions
Karaoglan thanks Becker for establishing "a great culture and guiding principles" for Voya IM.
"After a more than 20-year career with Voya and its predecessor firms, the time has come for me to pursue new interests and -- just as important -- give new opportunities to the talented leaders at the firm," Becker states.
Hurtsellers is an alumnus of Indiana University. She joined what is now Voya in 2004 as a senior PM, after working with Freddie Mac, AB, and Bank One.
Toms is an alumnus of the University of Michigan. Prior to joining what is now Voya in 2009, he worked at Calamos, Northern Trust, and Lincoln.
| Jeffrey Becker|
Former Chief Executive Officer of Voya Investment Management
Becker is an alumnus of both Colgate University and NYU. He joined what is now Voya IM in 1998, rising to vice chairman, chief operating and financial officer before taking over as CEO in 2009. Prior to that he worked with Aetna and Arthur Andersen.
As of June 30, Voya IM worked with more than $203 billion in assets, including $134 billion in fixed income AUM.
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