OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.

Steinmetz continues to report to Bill Glavin, chairman and chief executive officer of OppenheimerFunds.

The firm's team of chief investment officers, including George Evans, CIO, Equities; Krishna Memani, CIO, Fixed Income; and Mark Hamilton, who joined the company in April 2013 as CIO, Asset Allocation, will continue to report directly to Steinmetz.

“As a portfolio manager, Art has been a role model, and as CIO, he has been a leader and mentor to many of our investment professionals,” stated Glavin. “His promotion to President is a worthy recognition of his key role as the head of our investment organization, his public role in representing our company, and his ongoing leadership and influence at our firm.”