David Waldman, director of Loomis Sayles' quantitative research risk analysis group, was given the additional title of deputy chief investment officer, effective immediately.
Mr. Waldman will continue to report to Jae Park, CIO.
Messrs. Waldman and Park will work with the firm's fixed-income and equity teams, said Erin Heard, spokeswoman, in an e-mail. “Additional responsibilities (for Mr. Waldman) will be added over time as David and Jae coordinate their efforts,” she wrote.
As director of the quantitative research risk analysis group, Mr. Waldman oversees a team of 13 research analysts; their work complements the money management firm's fundamentally based research.
Separately, Michael Crowell, an analyst on the QRRA team, was named senior investment specialist, reporting to Mr. Waldman. Mr. Crowell will not be replaced, Ms. Heard said.
Both positions are new, Ms. Heard said.
Ms. Heard said Mr. Waldman's appointment was not a step in succession; Mr. Park has no plans to retire.
As of March 31, Loomis Sayles had $191.4 billion in assets under management, of which $102.7 billion was for institutional clients. The firm is a subsidiary of Natixis Global Asset Management.
