Elaine
Zaharis-Nikas to succeed William Scapell as Head of Fixed
Income and Preferred Securities following over 20 years of
partnership
NEW
YORK, Jan. 17, 2024 /PRNewswire/ -- Cohen &
Steers, Inc. (NYSE: CNS) announced today that William Scapell, Head
of Fixed Income and Preferred Securities, will retire from the firm
and investment management on August 1,
2024 after more than 20 years of service at Cohen &
Steers and 30 years in finance, including his work at Merrill Lynch
and with the Federal Reserve. Elaine
Zaharis-Nikas, who currently serves as a Senior Portfolio
Manager, will succeed William Scapell and will be promoted to Head
of Fixed Income and Preferred Securities, effective April 1, 2024. Mr. Scapell will remain a Senior
Portfolio Manager on preferred securities strategies and funds
until his retirement.
Ms. Zaharis-Nikas joined Cohen & Steers in 2003 as part of
the launch of the Fixed Income and Preferred Securities business
with Mr. Scapell. Her promotion reflects her consistent track
record of generating alpha, her experience managing the firm's
investment vehicles and client accounts and her leadership among
the Fixed Income and Preferred Securities team. This transition
reflects Cohen & Steers' commitment to succession planning and
building the firm's next generation of leaders.
Joe Harvey, Chief Executive
Officer and President, said:
"Bill and Elaine helped
launch Cohen & Steers' Fixed Income and Preferred Securities
business more than 20 years ago as an extension of the firm's focus
on REITs to deliver unique income and total return strategies for
investors. Cohen & Steers has attained significant market share
in preferred securities under Bill and Elaine's leadership. We
thank Bill for his two decades of dedication to our firm and wish
him the best in retirement. We also congratulate Elaine and look
forward to continued growth under her leadership."
As Head of Fixed Income and Preferred Securities, Ms.
Zaharis-Nikas will lead the firm's fixed income and preferred
securities investments and teams globally. She will report to
Jon Cheigh, Chief Investment
Officer.
Jon Cheigh, Chief Investment
Officer, said:
"Elaine has played an essential role in
developing an industry-leading preferred securities business that
has innovated differentiated, alternative income strategies that
consistently deliver alpha and income for our clients. Her 20+
years of partnership with Bill and leadership experience led to her
being identified as Bill's successor years ago. We sincerely want
to thank Bill for his dedication, investment acumen, vision and
mentorship of Elaine as his successor."
Ms. Zaharis-Nikas will remain Senior Portfolio Manager for the
firm's Preferred Securities and Fixed Income strategies, managing a
team of three portfolio managers including Jerry Dorost, Robert
Kastoff and Raquel McLean as
well as four research professionals. The portfolio management team
averages over 15 years of experience at the firm and is supported
by a team of traders led by Austin
Fagan, a dedicated fixed income trader who has traded for
the team since 2003.
For more information about Cohen & Steers, please visit
www.cohenandsteers.com.
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including real estate, preferred securities,
infrastructure, resource equities, commodities, as well as
multi-strategy solutions. Founded in 1986, the firm is
headquartered in New York City,
with offices in London,
Dublin, Hong Kong, Tokyo and Singapore.
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS, RFI, RQI, LDP, RLTY, RNP, UTF, PSF, PTA
Forward-Looking Statements
This press release and
other statements that Cohen & Steers may make may contain
forward looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which reflect the
Company's current views with respect to, among other things, the
Company's operations and financial performance. You can identify
these forward-looking statements by the use of words such as
"outlook," "believes," "expects," "potential," "may," "will,"
"should," "seeks," "predicts," "intends," "plans," "estimates,"
"anticipates" or the negative versions of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these forward-looking
statements. The Company undertakes no obligation to publicly update
or review any forward-looking statement, whether as a result of new
information, future developments or otherwise.
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SOURCE Cohen & Steers, Inc.