Matt Toms appointed first global chief investment officer of Voya Investment Management

Rhea-AI Summary

Voya Investment Management (NYSE: VOYA) has appointed Matt Toms, CFA, as its first global chief investment officer (CIO). Toms, who has been CIO of fixed income since September 2016, will oversee over 300 investment professionals managing approximately $330 billion in assets. This restructuring aims to enhance client service and leverage investment insights across teams. Additionally, Chris Lyons expands his role in private fixed income and alternatives. The firm also announced upcoming changes among its investment team members in line with succession planning.

Positive

• Appointment of experienced Matt Toms as global CIO strengthens leadership.
• Focus on serving global clients enhances investment strategy effectiveness.
• Management of approximately $330 billion underlines firm's significant market presence.

Negative

• Retirement of key personnel may impact continuity in strategy execution.
• Potential disruption due to leadership changes among the investment teams.

New structure will leverage the existing and experienced portfolio management talent across Voya IM

NEW YORK--(BUSINESS WIRE)-- Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that Matt Toms, CFA, has been appointed to the newly created role of global chief investment officer (CIO).

Toms, who has served as CIO of fixed income for Voya Investment Management (IM) since September 2016, will now lead the firm’s more than 300 investment professionals who are managing approximately $330 billion in assets under management across fixed income, equities, multi-asset solutions and alternative strategies. He will continue to report to Christine Hurtsellers, chief executive officer, Voya IM.

“By focusing on the needs of our clients and investing in our firm, we have been able to successfully expand our investment capabilities and grow while also prioritizing the continuity of our portfolio management teams and investment processes,” said Hurtsellers. “With this evolution and our focus on continued growth, now is the right time to shift to a global CIO model, and we are fortunate to have an experienced, successful and well-regarded leader in Matt to oversee our investment teams. In his 28-year career in investment management, Matt has not only gained great experience and insights into various market cycles and trends, but – equally important – he has leveraged this knowledge to develop and manage investment strategies that have delivered strong outcomes for our clients.”

“This new structure will support our focus on serving the needs of our increasingly global client base and ensure we can leverage insights across teams to invest in ways that help our clients meet their goals,” added Hurtsellers.

The fixed income investment team will continue to report to Toms, who will maintain his current portfolio management responsibilities. In addition, Chris Lyons, CFA will take on an expanded role as head of private fixed income and alternatives. Lyons had most recently served as group head of private credit and will continue to report to Toms.

Vincent Costa, CFA and Paul Zemsky, CFA will continue in their CIO roles overseeing equities and multi-asset solutions, respectively, and will now both report to Toms.

Voya IM also announced today several future changes to its investment teams that reflect the execution of the firm’s carefully developed succession plans:

• Michael Pytosh – who has served as co-CIO with Costa overseeing Voya IM’s equities platform – and Jeffrey Bianchi, CFA – who has served as a portfolio manager on several of Voya IM’s growth equities strategies – will be leaving the firm at the end of 2022. Effective Jan. 1, 2023, Leigh Todd, CFA, will serve as the lead portfolio manager for Voya IM’s equities growth strategies. Todd will work closely with Kristy Finnegan, CFA, who will continue to serve as a portfolio manager on the firm’s growth strategies.
• Richard Johnson, who joined Voya IM in connection with the firm’s acquisition of the investment advisory business and certain other assets of small cap growth specialist Tygh Capital Management in January 2022, will retire in June 2023. Michael Coyne, CFA, who also joined Voya IM from the Tygh team earlier this year, will lead the small cap equities team upon Johnson’s retirement.
• Jeff Bakalar, senior managing director, group head and CIO of Voya IM’s leveraged credit group, will retire in April 2023. Bakalar will be succeeded by Mohamed Basma, CFA, who has been named head of leveraged credit. Basma most recently served as managing director, head of senior loans and global CLOs.

“We continue to grow and expand our suite of private and alternative capabilities, which have become increasingly important to a client’s allocation. Having a dedicated leader in Chris Lyons who understands the unique aspects of these strategies will help us drive future success. At the same time, we also have continued to invest in our equity platform to bring the right tools and talent together to deliver alpha for our clients,” said Toms. “I look forward to continuing to work with our investment teams as we leverage our expertise across fixed income, equities and alternatives to help our clients achieve their long-term investment goals.”

Prior to becoming CIO of fixed income, Toms oversaw the investment teams responsible for investment grade corporate, high yield corporate, securitized products, mortgage-backed securities, emerging market debt and money market strategies. Prior to joining Voya IM, Toms worked with Calamos Investments, where he established and grew its fixed income business. He also previously held roles with Northern Trust and Lincoln National.

About Voya Investment Management

Voya Investment Management manages approximately $330 billion* in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Named a Best Place to Work in Money Management by Pensions & Investments for seven consecutive years, Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business. (*AUM as of 6/30/22, reflecting pro forma assets of Voya IM and select strategies of Allianz Global Investors U.S., integrated as of 7/25/22.)

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technologies that enable a better financial future for its clients, customers and society. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya has approximately 6,000 employees and had $644 billion in total assets under management and administration as of June 30, 2022. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

VOYA-IM

View source version on businesswire.com: https://www.businesswire.com/news/home/20221004005952/en/

Media:

Christopher Breslin

(212) 309-8941

Christopher.Breslin@voya.com

Kris Kagel

(201) 221-6534

Kristopher.Kagel@voya.com

Source: Voya Financial, Inc.

FAQ

Who has been appointed as the new global CIO of Voya Investment Management?

Matt Toms, CFA, has been appointed as the new global chief investment officer (CIO) of Voya Investment Management.

What is the total assets under management by Voya Investment Management?

Voya Investment Management manages approximately $330 billion in assets.

What changes were announced in Voya IM's investment teams?

Voya IM announced leadership changes and upcoming retirements within its investment teams as part of its succession plans.

How does Voya IM plan to support its global client base?

Voya IM aims to enhance its investment strategies by focusing on the needs of its increasingly global client base.