Effective Nov. 1, Mr. Stein will replace Payson F. Swaffield, who will retire.
Mr. Stein will be responsible for management of the $90.2 billion in income investment strategies that both EVM and its affiliate Calvert Research and Management oversee. He will report to Thomas E. Faust Jr., chairman and CEO of Eaton Vance.
Mr. Stein was co-director of global income investments at EVM with Michael A. Cirami. Mr. Cirami will become sole director of global income investments.
Eaton Vance had $507.4 billion in consolidated assets as of July 31.