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"I could not be more proud of the tremendous growth MacKay has achieved over the past decade: we have expanded our investment teams, grown our assets, and broadened our footprint to serve clients in the U.S., Europe, Asia and Australia. In order to further support this growth and our global client base, we are thrilled to welcome Janelle to MacKay," said Jeffrey Phlegar, Chairman and Chief Executive Officer of MacKay Shields.

"Janelle is a seasoned asset management executive with deep expertise in the global fixed income market," added Phlegar. "Her investment acumen combined with her prior experience developing and implementing business strategy will no doubt serve as a great complement to MacKay's existing portfolio management group, which will remain unchanged. We continue to pride ourselves on the long-standing investment autonomy of our investment teams as we deliver investment excellence to our clients across the globe."

Ms. Woodward joins MacKay after spending more than a decade at BMO Global Asset Management, where she most recently served as Global Head of Fixed Income. Ms. Woodward also served as President and Portfolio Manager of Taplin, Canida & Habacht, LLC (TCH), an independently regulated subsidiary of BMO focused on fixed income strategies and has been an executive sponsor and advocate for diversity and inclusion initiatives within BMO and across the financial services industry.

Ms. Woodward holds an M.B.A. from Kellogg School of Management of Northwestern University, a B.S. in business systems from Taylor University and is a CFA charter holder.

"I'm excited to join MacKay, a distinguished leader in investing, at a time when the asset management industry is rapidly changing and clients across the globe are increasingly seeking new solutions to investment challenges," said Ms. Woodward. "I look forward to partnering with each of MacKay's investment teams as well as the global distribution team to continue to strive to deliver the exceptional performance and service our clients expect, while identifying additional ways to align best-in-class capabilities with an evolving industry need."