Loomis Sayles CIO Park steps down

David Waldman to replace outgoing exec

Loomis Sayles chief investment officer Jae Park is stepping down from his role on 31 March next year after 19 years at the company.

Park joined Loomis Sayles in 2002 after 21 years with IBM, where he was director of fixed income investments for the firm's retirement fund. He will be replaced by deputy chief investment officer David Waldman who will report directly to chief executive Kevin Charleston. Investec's Justin Simler to lead ASI multi-asset product strategy Waldman will be responsible for all Loomis Sayles investment, research, and trading teams with the exception of the growth equity strategies (GES) team. He joined Loomis Sayles in 2007 as director of quantitative research and risk analysis and was...