Voya

Many moving parts at Voya Investment Management contribute to its Average Parent rating.

Voya has experienced significant change over the past few years. Most recently, it announced that global CIO Eric Stein is leaving the firm at the end of November 2026, less than three years after joining the firm after spending most of his career with Eaton Vance and then Morgan Stanley. For now, at least, the global CIO position has been eliminated, and the four investment platform leaders previously under Stein will report directly to CEO Matt Toms. Toms has been in that role since January 2024, after more than a year as global CIO and six years as the firm’s fixed-income CIO. Other leaders’ roles have been redefined. Tiffani Potesta, who joined the firm in 2024 as its head of distribution, moves to a newly created chief commercial officer position, adding the product team under her purview. Voya veteran Chris Wilson stepped into the new chief strategy officer role.

Voya’s deep roots in retirement and insurance inform its strategy. Its prudent approach to risk management can at times limit upside in some of its investment products, for example, though downside protection is generally strong. Like many competitors, Voya wants to increase its footprint in private investments and is leaning on its experience managing private assets in its insurance division’s general account.

Voya continues its efforts to nurture communication among its investment teams. The fixed-income group, running roughly half of its assets under management, remains a strength for Voya, with deep and experienced sector teams and trusted processes. Its CIO, Jeff Hobbs, brings his experience and connections running Voya’s general account, including private investments. Equity CIO Jim Lydotes, who joined in September 2025, continues to further collaboration between Voya’s legacy teams and those acquired in 2022 from Allianz Global Investors. Multi-asset CIO Barbara Reinhard brings greater continuity and has embedded a more dynamic approach to asset allocation, incorporating both passive and active strategies managed in-house and externally.