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Voya: From Orange to Origami
So, what’s up at Voya Financial? Like its fellow life insurers, Voya enjoyed two sharp increases in its stock price in —once at mid-year when Treasury yields rose and again after Donald Trumps surprise election as U.S. president last month. Investors expect Trump to bring new spending programs, higher interest rates, deregulation and a lower corporate tax rate.
Voya was already getting the benefit of the doubt from the top insurance rating agency. Even though the $ billion firm reported a $ million net loss in 3Q, and despite lingering anxiety over the risks lurking in its closed block of variable annuities, A.M. Best upgraded Voya’s long-term issuer credit rating to A+ last month, citing its “favorable market position in selected life insurance, employee benefits and [institutional and individual] retirement markets.”
“In transition” may still be the best way to describe this former U.S. unit of Du
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Global Executive Moves - June
UK
Williams de Broë, the private client division of the UKâs Evolution Group, appointed Andre Masters â
latterly of Canada Life â as a business development executive to support its Bournemouth and Guildford Offices. Masters was previously
an account manager at Canada Life, a role in which he was involved in marketing
firmâs services to intermediaries. Before this he worked at Lloyds TSB Private
Banking.
UK-based Heartwood Wealth Management appointed Mark
Rockliffe as head of intermediary sales, charging him with spearheading the
firmâs development of a new investment management proposition aimed at the IFA
marknad. Rockcliffe, who is now based in Heartwoodâs London office, was most recently sales
director at SEI Investments.
UBS hired Frank Oliver Jüdt as head of equities at its Swiss
investment management office. Jüdt joined from LGT Capital Management, where he
was head of equity. Before this he worked in similar ro