Loomis Sayles Hires Insurance Industry Veteran to Support Continued Growth

BOSTON, Massachusetts, Sept. 8 -- Loomis, Sayles and Co. issued the following news release:

Loomis, Sayles & Company is pleased to announce that Sean Saia has joined the firm as an investment director. Among his responsibilities will be a focus on the continued growth and retention of the firm's insurance business.

In this role, Sean will serve as an extension of the portfolio management team, translating investment ideas within the context of insurance mandate specific constraints to apply the full depth and breadth of Loomis Sayles' credit expertise to client portfolios.

"With an understanding of the continued pressure on insurers to generate income, I'm excited to be part of an organization with a broad reach into the credit markets," said Saia.

Sean joins Loomis Sayles from Goldman Sachs, where he was a vice president and senior lead portfolio manager responsible for managing $14.8 billion in fixed income mandates on behalf of insurers. Earlier in his career, he was head of insurance asset management at Dwight Asset Management, serving as a fixed income portfolio manager and head of the insurance team.