One of the co-team leaders of Loomis, Sayles & Company, Kenneth Buntrock, announced his retirement in 2019 after 21 years with the company.
In preparation for Mr Buntrock’s retirement, Lynda Schweitzer and Scott Service, both longstanding portfolio managers, will assume key roles.
The two will join David Rolley as co-team leaders in a division that oversees approximately $29.6 billion in institutional and retail assets for global clients.
Loomis Sayles chief executive Kevin Charleston thanked Mr Buntrock for his years of service and leadership.
“His dedication is reflected within the success and growth of the Loomis Sayles global bond capabilities over the past two decades, and we wish him the best in retirement,” he said.
Ms Schweitzer has worked at Loomis Sayles since 2001 where she started as a global portfolio specialist and trader for the team.
Mr Service joined Loomis Sayles in 2004 where he worked his way around various portfolios including global credit strategies and global bond products.
Chief investment officer Jae Park said now was the perfect time to promote the duo.
“We believe this is the ideal time to elevate Lynda and Scott in recognition of their tenure, experience and track records as portfolio managers,” said Mr Park.
Mr Park said they were both vital members of the company and had worked with their co-team leaders before.
“Lynda and Scott have been vital members of the global fixed income team working in close partnership with Ken and David for over 15 years, and their leadership will be integral to the success of our global bond capabilities moving forward,” he said.
