Payson Swaffield

Picture of Payson Swaffield, CFA

Payson Swaffield, CFA

Chief Income Investment Officer

41 Years
Industry Experience

29 Years
at Eaton Vance

Education
BA, Middlebury College
MBA University of Chicago Booth School of Business

Payson Swaffield is a vice president and chief income investment officer of Eaton Vance Management. He is responsible for all income disciplines at Eaton Vance, including investment-grade and high-yield bonds, floating-rate loans, global fixed income, municipal bonds and customized solutions for institutional and retail accounts.

He joined Eaton Vance in 1990.

Payson began his career in the investment management industry in 1978. Before joining Eaton Vance, he held positions in valuation and corporate finance with Conning & Company, State Street Bank, Duff & Phelps, Inc. and in commercial lending with Northern Trust.

Payson earned a B.A. from Middlebury College and an MBA from the University of Chicago Booth School of Business. He served on the Board of the LSTA (Loan Syndications and Trading Association) from 2001-2008. Currently Payson serves as a Trustee on the board of the Museum of Science in Boston, and is a member of the investment advisory committee for the Iococca Family Foundation. He is a CFA charterholder.

"The easy money made in bonds is behind us. It’s going to take a lot more than traditional bond funds to maximize returns while managing risk. That’s where Eaton Vance comes in."

Insights from Payson Swaffield

Quarterly Income Outlook

Investors in high-quality, longer-duration sectors have had quite a ride in 2019. It’s a tough act to follow, and for those who are counting on more of the same as an encore, bond math could make it an expensive undertaking.