is back in the mutual fund business ... indirectly, at least.
Yesterday Voya Financial's
] chairman and CEO, Rod Martin
, 53, has joined Voya's board of directors. Among several other businesses, Voya does have an asset management unit, Voya Investment Management
, which accounts
for nearly 30 percent of the publicly traded company's earnings. The overall company's tagline is "America's Retirement Company," and one of its other big units is a recordkeeping business for retirement plans like 401(k)s.
The board and CEO services practice at Korn Ferry
helped Voya's board with the selection process.
Arledge previously spent more than five years at BNY Mellon, where he led the investment management division before leaving
in 2016. For the past two years he has served as a senior research associate at Harvard Business School's Forum for Growth and Innovation. On the Voya board, he will serve on both the risk, investment and finance committee and on the technology, innovation and operations committee.
Martin praises Arledge as "an accomplished executive with strong investment and operational acumen" and "a strategic thinker with an impressive track record of helping financial institutions think differently to achieve their growth plans."
Arledge is an alumnus of Princeton. Prior to joining BNY Mellon in 2010, he spent his career in a variety of fixed income roles at BlackRock, Wachovia, Mariner, and Salomon Brothers.
Neil Anderson, Managing Editor
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