Mutual fund behemoth OppenheimerFunds, Inc. announced Wednesday that Art Steinmetz has been promoted to chief investment officer. Steinmetz, who holds the title of executive vice president joined the firm in 1986 and has served as chief investment officer of the company’s fixed income portfolio since 2009.
The firm also announced that George Evans has been named director of equities and Krishna Memani has been named director of fixed income. The promotions are effective immediately.
Steinmetz’s role has been expanded to assume responsibility for overseeing all equities and fixed income investments including investment strategy, strategic planning and personnel. He will continue to serve as co-manager of Oppenheimer International Bond Fund, Oppenheimer Global Strategic Income Fund and Oppenheimer Global Allocation Fund. Steinmetz replaces Christopher Leavy, former head of equities, who is leaving to join another organization.