Voya Investment Management Announces Key Leadership Changes Across Investment Teams

Voya Investment Management Announces Leadership Overhaul to Drive Next Phase of Growth

Voya Investment Management (Voya IM), the asset management arm of Voya Financial, Inc. (NYSE: VOYA), today announced a series of strategic leadership changes aimed at aligning its investment capabilities with long-term client needs and continued business growth. These appointments and transitions reflect Voya IM’s ongoing focus on innovation, leadership continuity, and client-centric investment expertise.

“Today’s changes mark a key step in our long-term strategy to evolve with the pace of innovation in the investment industry,” said Matt Toms, CEO of Voya Investment Management. “By investing in next-generation leadership and technology, we’re positioning ourselves for future growth and client success.”

Eric Stein Appointed Chief Investment Officer

Effective July 1, 2025, Eric Stein, CFA, will become Chief Investment Officer (CIO), assuming responsibility for Voya IM’s full spectrum of investment capabilities, including:

• Public and private fixed income
• Equities
• Alternatives
• Multi-asset strategies

Stein joined Voya in 2024 and has been credited with enhancing investment structure and strategic positioning.

“Eric has demonstrated exceptional leadership and vision. His expanded role is a natural evolution of his impact on our investment platform,” added Toms.

Jeff Hobbs to Lead Unified Fixed Income Division

Also effective July 1, 2025, Jeff Hobbs, CFA, will become CIO of Fixed Income, reporting to Stein. He will oversee both public and private fixed income, as well as the firm’s insurance portfolio management team.

“Bringing public and private fixed income under one umbrella reflects industry best practices and leverages our heritage,” said Stein. “Jeff’s experience and client-first mindset make him the ideal leader for this expanded role.”

Senior Retirements Announced

Two longtime investment leaders have announced their retirement:

• Chris Lyons, CFA, Head of Private Fixed Income and Alternatives, will retire on December 31, 2025, after a distinguished 36-year career, including 32 years at Voya.
• Vincent Costa, CFA, CIO of Equities, will retire on September 30, 2025, following 40 years in the industry, including 19 at Voya.

“Both Chris and Vinnie have built enduring legacies,” said Toms. “They worked proactively to position their platforms for long-term success and leave behind strong foundations for the future.”

James Lydotes Named Incoming CIO of Equities

Voya IM will welcome James (Jim) Lydotes, CFA, as Chief Investment Officer of Equities on September 2, 2025, reporting to Eric Stein. Lydotes brings more than 25 years of experience, most recently serving as Deputy CIO of Equities at Newton Investment Management, where he led teams delivering differentiated active strategies and consistent alpha.

“Jim is a natural fit to lead our equities platform,” said Stein. “He brings a strong track record of leadership, client focus, and innovation that will build on the success that Vinnie and his team have driven.”

A Strategic Step Forward

These transitions come as Voya IM continues to expand its capabilities, adopt cutting-edge technology, and refine its investment structure for resilience and scale.

“Our platform is stronger than ever,” said Toms. “These leadership appointments reflect our commitment to delivering long-term value through experience, innovation, and deep investment insight.”

Key Highlights:

• Eric Stein appointed CIO, overseeing all investment strategies
• Jeff Hobbs to lead combined public and private Fixed Income
• Retirement of Chris Lyons and Vincent Costa after decades of leadership
• James Lydotes to join as CIO of Equities from Newton IM
• Focus remains on leadership continuity, innovation, and client outcomes

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