Voya Investment Management announces leadership changes

NEW YORK - Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE:VOYA), a financially healthy company with a "GOOD" InvestingPro overall score, announced several senior leadership changes to its investment platforms effective July 1, 2025. The company, currently trading at $68.47, has demonstrated strong financial discipline with a healthy current ratio of 5.63.

Eric Stein, CFA, will expand his role to become chief investment officer, overseeing the firm’s public and private fixed income and alternatives, equities, income and growth, and multi-asset strategies and solutions teams.

Jeff Hobbs, CFA, will assume the position of chief investment officer of Fixed Income, reporting to Stein. In this role, Hobbs will oversee both public and private fixed income capabilities while maintaining oversight of Voya IM’s insurance portfolio management team.

The company also announced two upcoming retirements. Chris Lyons, CFA, head of Private Fixed Income and Alternatives, will retire on December 31, 2025, after 32 years with Voya IM. Vincent Costa, CFA, chief investment officer of equities, will retire on September 30, 2025, following 19 years with the company.

James Lydotes, CFA, will join Voya IM on September 2, 2025, as Chief Investment Officer of Equities, reporting to Stein. Lydotes brings more than 25 years of investment experience, most recently serving as deputy chief investment officer, Equities at Newton Investment Management.

Voya Investment Management manages approximately $344 billion in assets as of March 31, 2025, according to the company’s press release statement.

In other recent news, Voya Financial reported better-than-expected financial results for the first quarter of 2025. The company achieved adjusted operating earnings per share of $2, surpassing the forecast of $1.63, and generated revenue of $1.97 billion, slightly above the anticipated $1.94 billion. Voya Financial also completed a private placement of Pre-Capitalized Trust Securities, raising $600 million to enhance its liquidity and financial flexibility. Additionally, Piper Sandler maintained its Overweight rating on Voya Financial, citing strong cash generation and strategic initiatives as reasons for optimism. The company has partnered with Savi to improve its student loan solutions, aligning with the SECURE 2.0 Act’s provisions. This collaboration is part of Voya’s broader financial wellness program aimed at supporting employees with student loan debt management. Voya’s successful integration of OneAmerica added $60 billion in assets, contributing to its robust performance. Despite these positive developments, the company remains cautious due to uncertain macroeconomic conditions.

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