• Reinhard set to work at team that oversees $27 billion
  • She previously worked in Credit Suisse's private-banking group

Voya Financial Inc. hired Barbara Reinhard, formerly of Credit Suisse Group AG, to lead asset allocation for a team that oversees $27 billion.

Reinhard previously worked as a managing director and chief investment officer in Credit Suisse’s private-banking division, Voya Investment Management said Monday in a statement. She will be based in New York and report to Paul Zemsky, chief investment officer of the multi-asset strategies and solutions group.

Voya Chief Executive Officer Rodney Martin has been bolstering investment management, a less-capital-intensive business than the firm’s insurance operations. Voya hired Pacific Investment Management Co.’s Kevin Kuhner in November to lead institutional sales on the U.S. West Coast and named JPMorgan Chase & Co.’s John Simone to build an operation managing assets for insurance companies in 2014.

“We looked for a person with a combination of great leadership skills, a passion for clients, creativity and, of course, solid experience in asset-management and portfolio construction,” Zemsky said in the statement. “These attributes, along with her track record in generating alpha and leading the growth of assets under management in her prior roles, make Barbara a powerful addition.”

Reinhard also previously worked as deputy chief investment strategist for Morgan Stanley’s global wealth-management unit and led investment communications for OppenheimerFunds, Voya said in the statement.

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