BOSTON, Oct. 23, 2012 /PRNewswire/ -- Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today that Kathleen C. Gaffney, CFA, is joining the firm as Vice President and Co-Director of Investment Grade Fixed Income. In that role, she will serve alongside Thomas H. Luster, CFA, as co-leader of the investment grade fixed income team and will report to Payson F. Swaffield, CFA, Chief Income Investment Officer. In her new position, Ms. Gaffney will be responsible for managing investment portfolios drawing upon the analytical resources of Eaton Vance's entire income investment organization. As of September 30, 2012, Eaton Vance managed approximately $81 billion in income portfolios invested in investment grade and high-yield corporate bonds, preferred stocks, U.S. government obligations, mortgage-backed securities, asset-backed securities, floating-rate bank loans, global sovereign credit and currency investments.
"Kathleen is a highly energetic and experienced investment professional whose investment knowledge runs both broad and deep across the income spectrum. I believe her passion for finding value investing across multiple sectors, combined with Eaton Vance's expertise in diverse markets, will prove to be a potent combination," said Mr. Swaffield. "We are pleased to be working with someone of her caliber and experience, and look forward to the contributions she will make to benefit our clients, our team and our shareholders."
Ms. Gaffney joins Eaton Vance from Loomis, Sayles & Company, where she was a vice president and portfolio manager for the fixed income group. She has 28 years of investment experience as a portfolio manager and trader. In addition to serving as co-manager of Loomis Sayles Bond Fund, she also managed or co-managed a number of other mutual fund and institutional accounts, including core-plus, multi-sector and high yield mandates. She is a Chartered Financial Analyst and a graduate of the University of Massachusetts at Amherst.
Eaton Vance Corp (NYSE: EV) is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $198.2 billion in assets as of September 30, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.SOURCE Eaton Vance Management
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