New York Life Investment Management Taps Schroders Fixed Income Chief for $270B Public Debt Unit
Event summary
- Lisa Hornby joins New York Life Investment Management as Head of Public Fixed Income, effective end of 2026
- She oversees $270 billion in AUM across MacKay Shields and NYL Investors
- Hornby previously led U.S. Fixed Income at Schroders
- NYLIM manages $807 billion in total AUM as of March 2026
The big picture
This hire underscores NYLIM's push to strengthen its public fixed income capabilities amid growing demand for active management in volatile markets. The $270 billion AUM under Hornby's purview represents a third of NYLIM's total assets, highlighting the strategic importance of this leadership appointment. The move comes as asset managers increasingly consolidate expertise to compete in a market where fixed income remains a core client need.
What we're watching
- Integration Challenges
- How Hornby will unify public fixed income teams across MacKay Shields and NYL Investors
- Growth Strategy
- Whether NYLIM can leverage Hornby's expertise to expand its fixed income market presence
- Competitive Positioning
- The pace at which NYLIM can differentiate its fixed income offerings from competitors like Schroders