Cohen & Steers, Inc. announced 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.

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. 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.