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Voya Financial, Inc. (NYSE: VOYA) is a premier provider of retirement, investment, and insurance solutions, serving approximately 13 million individual and institutional customers across the United States. Headquartered in New York, Voya operates with a clear mission to secure financial futures through its diverse product offerings and dedicated service.
Voya Financial operates through three main segments: Wealth Solutions, Investment Management, and Health Solutions. The Wealth Solutions segment, which generates roughly half of the company's revenue, provides tax-advantaged retirement savings plans and individual retirement accounts tailored to meet the needs of various customer groups. Investment Management offers a range of asset management services, while Health Solutions provides group life insurance plans and employee benefit products.
Recently, Voya has been recognized for its advanced digital capabilities and commitment to enhancing customer experiences. The company has partnered with Oracle to leverage Oracle Database@Azure, ensuring secure, high-performance cloud services to its clients. This move underscores Voya’s dedication to technological advancement and customer-centric service delivery.
With a workforce of approximately 6,500 employees and a strong focus on corporate responsibility, Voya is deeply committed to helping individuals and institutions achieve better retirement readiness. The company's vision, encapsulated in its tagline “America’s Retirement Company™”, emphasizes guiding Americans towards financial stability and security, one person, one family, and one institution at a time.
For more information about Voya Financial, Inc., visit voya.com.
Voya Prime Rate Trust (NYSE: PPR) has updated the record date for its upcoming special shareholder meeting from March 5, 2021, to March 8, 2021. This adjustment is in compliance with the New York Stock Exchange's 10-day notice requirement. The special meeting was initially announced yesterday and is scheduled for May 21, 2021. Shareholders are advised that the Fund has not yet initiated the Tender Offers referenced in the release and that important information regarding these offers will be included in future filings with the SEC.
Voya Prime Rate Trust (NYSE: PPR) announced that Voya Investments, LLC will resign as the Fund's manager effective June 22, 2021. This decision aims to allow the Board and shareholders to select a new investment manager aligned with their goals. A strategic plan committee has been formed to facilitate the search for a successor manager, with a special shareholder meeting scheduled for May 21, 2021, to approve the new management agreement. Following this, a tender offer for approximately 30% of the Fund's outstanding shares will be initiated.
Voya Financial (NYSE: VOYA) announced that CEO Rodney O. Martin, Jr. and CEO of Voya Investment Management, Christine Hurtsellers, will participate in the 2021 Credit Suisse Financial Services Forum on February 25, 2021, at approximately 10:30 a.m. ET. Interested listeners can access the webcast through Voya's investor relations website. Voya serves around 13.8 million customers, reported $7.6 billion in revenue in 2020, and manages $700 billion in assets as of December 31, 2020.
Voya Financial, Inc. (NYSE: VOYA) has been recognized by Barron’s as the No. 5 company on the 2021 100 Most Sustainable Companies list, the highest-ranking financial services firm for the third consecutive year. Voya has maintained a top 10 position since the list's inception in 2018, owing to its commitment to sustainability across various performance indicators. The company reported $7.6 billion in revenue for 2020 and manages $700 billion in assets as of December 31, 2020, serving approximately 13.8 million customers.
Voya Investment Management has appointed Gabriel Altbach as Managing Director and Chief Marketing Officer. Reporting to Dina Santoro, Altbach will lead a dedicated marketing team to enhance Voya's brand and marketing strategy globally. With over 20 years of experience, he aims to drive Voya's growth by developing innovative marketing initiatives. Previously, Altbach was President of White Marble Marketing in North America and has held key positions at Pioneer Investments and Amundi Asset Management. Voya currently manages over $245 billion in assets.
Voya Investment Management announced a commitment of $4.6 billion in debt through private placements in 2020, with $3.5 billion allocated on behalf of institutional clients. Institutional clients comprise 56% of Voya IM’s $21.5 billion in private placement assets. The company has a selective investment strategy, focusing on opportunities with strong risk/return profiles. Infrastructure financing is expected to grow, with $1.4 billion, or 30.4% of commitments in 2020, directed towards this area, including renewable energy projects.
Voya Financial has launched a unique "Retiree Menu" within the ABA Retirement Funds Program to assist participants nearing or in retirement. This innovative offering aims to provide tailored investment options aligned with their retirement goals. A survey indicates that 94% of Americans with retirement plans value a long-term investment perspective. The Retiree Menu includes a "Retiree Toolbox" with resources like Social Security guidance and access to financial advisors. Voya emphasizes its commitment to enhancing retirement readiness for approximately 13.8 million customers.
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