Loomis, Sayles & Company has hired Rowland “Chip” Bankes as its Head of Trading, responsible for the management of the company’s overall trading, effective May 21. This new position was prompted by the decision of Jan Sharp, director of fixed income trading, to retire after over 30 years at Loomis Sayles.
Bankes will report to Jae Park, chief investment officer, fixed income, and will also oversee the firm’s equity trading desk. Susan Short Green will continue in her role as director of equity trading, reporting directly to Bankes.
Bankes joins Loomis Sayles from US Trust, Bank of America, where he was most recently the head of fixed income and trading, responsible for the oversight and management of the company’s centralized fixed income investment platform.
“We are sad to see Jan leave after such a long and illustrious career here at Loomis -- we wish her the very best in her retirement,” stated Park. “We believe Chip is an excellent fit to fill her shoes.”