Voya Investment Management Names New CIO in Major Leadership Overhaul

Today’s announcements are a natural evolution of Voya IM’s investment leadership team, reflecting thoughtful succession planning and alignment of capabilities

NEW YORK--(BUSINESS WIRE)-- Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today several senior leadership changes to its investment platforms.

“Over the past few years as the pace of innovation and change in the investment management industry has accelerated, we have made investments in new capabilities, data, technology and the next generation of leaders to align the depth and breadth of our investment expertise with the needs and objectives of our clients,” said Matt Toms, CEO, Voya Investment Management. “Today’s news is a continuation of this journey and will well position us for continued growth and success.”

Among the changes announced today include:

Eric Stein, CFA, will take on an expanded role as chief investment officer, effective July 1, 2025, overseeing Voya’s public and private fixed income and alternatives, equities, income and growth, and multi-asset strategies and solutions teams.

“Since joining Voya in 2024, Eric has strengthened our investment structure and helped to elevate Voya IM’s positioning in the market. His expanded role is a natural progression that reflects the strength of his leadership and vision for the future,” said Toms.

Jeff Hobbs, CFA, will take on the role of chief investment officer of Fixed Income, effective July 1, 2025, continuing to report to Stein. In this role, Hobbs will oversee both public and private fixed income capabilities. He will also maintain oversight of Voya IM’s insurance portfolio management team.

“The decision to combine public and private fixed income under Jeff reflects the team’s heritage, allows the team to best serve clients, and aligns with industry best practices,” said Stein. “The combination of Jeff’s deep expertise across the spectrum of public and private fixed income along with his leadership acumen and connection to our clients make him the ideal person to lead our Fixed Income platform.”

Chris Lyons, CFA, head of Private Fixed Income and Alternatives, has announced his intent to retire on December 31, 2025, following a successful 36-year career, including 32 years at Voya IM.

Vincent Costa, CFA, chief investment officer of equities, has also announced his intent to retire effective September 30, 2025, following a successful 40-year career—including 19 at Voya.

“After long and successful careers at Voya, Vinnie and Chris separately approached me about retiring. Both wanted to ensure Voya IM, and their respective platforms, were in the best possible positions to succeed. With those goals met, both felt that now is the right time to begin the next chapters of their lives, leaving the platforms they have worked tirelessly to build in the capable hands of the next generation of leaders,” said Toms. “I can’t thank them enough for their dedication and contributions to Voya IM over the years.”

As a result of Costa’s retirement, Voya IM is pleased to announce that James Lydotes, CFA, will join Voya IM on September 2, 2025, as Chief Investment Officer of Equities, reporting to Stein. With more than 25 years of investment experience, most recently as deputy chief investment officer, Equities at Newton Investment Management, Lydotes has a strong track record of leading successful investment teams and delivering alpha for clients through differentiated active investment strategies.

“When Vinnie took on the role of CIO of Equities his mandate was to provide leadership stability during a period of transition as several new teams were integrated into the platform. He worked closely with the next generation of equity leaders to cultivate our long-standing culture of collaboration and innovation and infused the latest analytical tools into the fabric of our fundamental investment processes,” said Stein. “Vinnie and his leadership team have built our equity business to the next level and I’m certain that Jim will not only continue that trend but will build on this foundation of success.”

About Voya Investment Management

Voya Investment Management delivers actively managed public and private market solutions that drive differentiated outcomes for clients worldwide. Our team of 300+ investment professionals manages approximately $344 billion in assets as of March 31, 2025. We excel at partnering with clients to understand their needs and address challenges in innovative ways, drawing on extensive expertise across fixed income, equity, and multi-asset strategies

VOYA-IM