Voya’s Hurtsellers Sees Bright Future For Firm
Pensions & Investments reports Voya Investment Management CEO Christine Hurtsellers said she’s not fazed by the growth in assets under management among the world’s largest money managers through passive investing and exchange-traded funds. Instead, she said, she’s excited about the company’s growth efforts using its insurance asset management expertise – its liability awareness, its ability to customize, and its ability to offer asset classes that are hard to replicate in public markets. Hurtsellers said, “There really are only a few ways to get revenue growth: adding assets to where your marginal expenses are below the price that you’re onboarding the assets, cutting expenses or developing products that are more profitable than our existing block of business.” Some of Voya’s efficiency comes from recently streamlining its product offerings. According to Hurtsellers, Voya has also used technological advances to deliver cost efficiencies.