- Voya Investment Management (the asset management unit of NYSE:VOYA Financial) will now bring to yield-starved insurers expertise in investing in private placements, commercial real estate, structured credit, bank loans, high-yield debt, private and public equity, and several other asset classes.
- As part of effort, John Simone has joined Voya IM (from JPMorgan Asset Management) in the newly-created role of head of insurance investment management sales and solutions.
- Voya's move comes as insurers continue to have difficulty meeting return requirements in a ZIRP environment.
- Source: Press Release