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Main » 2012 » October » 17 » Loomis Sayles Unites Fixed Income and Equity Investment Groups under Jae Park, Chief Investment Officer
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Loomis Sayles Unites Fixed Income and Equity Investment Groups under Jae Park, Chief Investment Officer

Loomis, Sayles & Company announced today a number of organizational initiatives which bring equity and fixed income groups under the leadership of chief investment officer, Jae Park.

 "These changes ensure the full array of available resources and capabilities here at Loomis are readily accessible and are being leveraged by our product teams. They support our cohesive and integrated investment culture from which every Loomis investment professional benefits,” said Robert J. Blanding, chief executive officer for Loomis Sayles. "Over the one, three and five year periods ending 9/30/12, 93%, 86% and 81%, respectively, of our investable institutional account assets outperformed their respective benchmarks.* We are extremely proud of this achievement and believe it is rooted in our commitment to continuously fine-tune our organization in our efforts to deliver compelling long-term performance for our clients."

The changes, effective October 15th, include:

    Jae Park, CIO-Fixed Income since 2002, becomes CIO with responsibility for all Loomis investment activities;
    Lauriann Kloppenburg, former CIO-Equity, assumes new position of Chief Strategy Officer reporting to CEO, Robert Blanding;
    Kathleen Bochman, formerly global equity analyst on our equity research team, is named Director of Equity Research reporting directly to Jae Park. She replaces Brian James, who had previously announced his retirement for March 31, 2013. Until that time, Brian will serve as advisor to Kathleen;
    Maurice Leger, Director of Product Management & Strategic Planning, assumes added responsibility for equity product management;
    Mike Giles, Chief Investment Risk Officer assumes added responsibility for equity risk management/peer evaluation process;

"As an organization, we embrace the changes that come with continuous evolution. As we grow into a truly global investment management organization, we are always striving to anticipate client needs," said Jae Park. "The fact that more than 36% of our assets reside in portfolios that contain a combination of fixed income and equity strategies demonstrates that clients are increasingly less interested in narrow mandates, but rather looking for solutions across the capital structure. We feel well-positioned to continue our efforts to deliver exceptional long-term results across a range of asset classes and are proactively aligning resources in pursuit of this objective."

Other recent developments include:

    Client service centralized within the Institutional Services group under the direction of John Gallagher to create a more effective relationship management process in which we interface with sophisticated clients in a product agnostic manner;
    Equity and fixed income trading came under the direction of one leader, Chip Bankes, in May 2012;
    The 14-person strong Quantitative Research & Risk Analysis team expanded its scope to fully support all investment platforms with a dedicated equity manager;
    Opened global offices in London and Singapore to service our overseas clients and gain closer access to an increasingly global marketplace.

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