Voya Investment Management, the asset management arm of Voya Financial, has named Christine Hurtsellers as its new CEO.
Hurtsellers will assume the new role on 1 September 2016, replacing Jeffrey Becker who has decided to depart to pursue an opportunity at another firm.
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Hurtsellers will report to Voya Financial's COO and CEO of Retirement and Investment Solutions Alain Karaoglan. She will also become a member of Voya Financial's executive committee.
Hurtsellers has held the role of CIO of fixed income at Voya Investment Management since 2009, responsible for heading a team of more than 100 investment professionals with $134bn in fixed income assets under management as of 30 June 2016.
She will be replaced in this role by Matt Toms, who has worked as head of public fixed income at Voya Investment Management since 2011. Toms will continue to report to Hurtsellers.
Hurtsellers joined the company as senior portfolio manager in 2004. Before serving as CIO of fixed income, she held the role of head of structured finance as well as served on a mortgage-backed securities team
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By GlobalDataPrior to joining Voya Investment Management, she led the agency-guaranteed retained portfolio team at the Federal Home Loan Mortgage Corporation.
"Christine possesses the unique combination of being 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. Christine has tremendous passion for the business and has been an ardent champion of Voya Investment Management's focus on being a reliable partner committed to reliable investing,” Karaoglan said.
