MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 10, 2024 Hurtsellers Passes the Reins After 8 Years, And ... The chief of a publicly traded retirement plan provider's $310-billion-AUM asset manager is passing the reins to a familiar lieutenant, even as a key new hire joins the leadership team.
Hurtsellers will retire later in 2024 and will stay on as a strategic advisor in the meantime. Toms, who served as Voya IM's global CIO under Hurtsellers, will now report to Lavallee and serve on Voya Financial's executive committee. Stein will now report to Toms. Stein most recently served as CIO of fixed income for Morgan Stanley Investment Management. A Morgan Stanley spokesperson declined to comment. Lavallee thanks Hurtsellers for "her amazing leadership and stewardship" of Voya IM. And Lavallee praises Toms as offering "great insights" into client needs. "His deep knowledge and experience with our firm, and his passion for our clients, will serve him well as he leads Voya IM into its next stage of growth," Lavallee states. "I look forward to working closely with Matt and Heather — and to engaging with our clients, intermediaries and employees — to ensure a smooth transition," Hurtsellers states. As for Stein, Toms lauds the new hire's "more than 20 years of experience and demonstrated expertise in leading sizable teams." "Equally important, Eric's approach to money management aligns fully with the collaborative approach of our investment professionals at Voya IM," Toms states. "I am looking forward to having his leadership and insights as we execute on our growth plans." Hurtsellers joined what is now Voya in 2004 as a senior portfolio, then later rose to CIO of fixed income before taking over as CEO in 2016. Earlier, she held PM roles with Freddie Mac, Alliance Capital Management, and Banc One. She is an alumna of Indiana University Bloomington. Toms joined what is now Voya in 2009 after serving as a fixed income leader at Calamos. Earlier, he worked with Northern Trust and Lincoln. He is an alumnus of the University of Michigan's Stephen M. Ross School of Business. Stein rejoined Eaton Vance as an analyst in 2008, and he rose to PM and CIO of fixed income, then stayed on after the sale to Morgan Stanley. Earlier, he worked at the Fed and had a prior research role at Eaton Vance. He is an alumnus of the University of Chicago's Booth School of Business and of Boston University's Questrom Schoolof Business. Printed from: MFWire.com/story.asp?s=66905 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
