Matt Toms, global chief investment officer of Voya Investment Management, has succeeded Christine Hurtsellers as CEO, effective immediately.
A spokesperson for Voya Investment Management said that the firm will no longer have the role of global CIO.
Hurtsellers, who informed the company of her decision to retire later this year, will now serve as a strategic adviser until her retirement, said a Jan. 10 news release.
Hurtsellers has been at Voya IM for almost 20 years, including the past seven as CEO.
Toms and Hurtsellers both report to Heather Lavallee, CEO of Voya Financial, the parent of Voya IM.
In addition, Eric Stein was named head of investments and CIO-fixed income at Voya IM. Stein will report to Toms.
The Voya spokesperson noted the role of head of investments is new.
In this role, Stein will directly lead the public fixed income investment team as well as oversee the broader equities, income and growth, and multiasset strategies and solutions investment teams.
Stein most recently served as CIO-fixed income, at Morgan Stanley Investment Management.
A spokesperson for Morgan Stanley Investment Management declined to comment.
Voya IM had $306 billion in assets under management as of Sept. 30, according to the company website.
