Veteran Commercial Banking Executives Randy Cameron and Dave Wood Join Voya Investment Management to Lead Voya’s Regional and Community Bank Advisory Program
NEW YORK--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE:VOYA), announced today that Randy Cameron and Dave Wood have joined the firm as senior vice presidents to co- head the firm’s Regional and Community Bank Advisory Program. Based in Salt Lake City, both report to Charlie Shaffer, head of Distribution, Voya Investment Management (IM).
In this newly created role, Cameron and Wood will work with regional and community banks to advise them on implementing customized portfolios of diversifying credits, including senior secured, commercial and industrial loans.
The investment program will be managed by Robert Wilson, senior vice president, in his role as head of the Regional and Community Bank Senior Loan Program. Wilson is a former senior commercial banker, OCC bank regulator and 22-year member of Voya’s Senior Loan team. The Senior Loan team manages over $23 billion in AUM across its 30-person team in Scottsdale, Arizona. Client banks will benefit from Voya’s market access, relative value selection strategies and strong loan underwriting and monitoring processes, which are compliant with regulatory guidelines and prudential standards.
Through education and mentoring, banks enrolled in the program will be guided through a thorough implementation process. Additionally, each bank receives ongoing, direct support in the development and ongoing management of compliant portfolios that offer diversification, value recognition and loss avoidance as their core objectives.
“While community and small regional banks have historically excelled at small business underwriting and relationship management, Voya’s Regional and Community Bank Advisory Program recognizes that the syndicated loan market demands a broader industry knowledge and timely action,” said Shaffer. “Clients benefit from Voya’s unique market leadership, experience, relationships, credit risk management, training and sourcing capabilities while effectively keeping independent research and decision-making within their walls, thus satisfying regulatory requirements.”
With a combined 60 years of financial service experience, Cameron and Wood have an in-depth focus on working with community, regional and national banks on developing and implementing implanting programs to drive their growth and performance. Prior to joining Voya, they founded Financial Institution Growth LLC., a registered investment adviser that specializes in working directly with select commercial banks to introduce, analyze, plan and approve loan programs.
About Voya Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of December 31, 2020, more than $223 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018 and 2019 as a “Best Places to Work” by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
Media:
Kristopher Kagel (212) 309-6568
Kristopher.Kagel@voya.com