Cohen & Steers announced that William Scapell, head of fixed income and preferred securities, will retire from the firm and investment management on Aug. 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 Scapell and will be promoted to head of fixed income and preferred securities, effective April 1, 2024. Scapell will remain a senior portfolio manager on preferred securities strategies and funds until his retirement.
Zaharis-Nikas joined Cohen & Steers in 2003 as part of the launch of the fixed income and preferred securities business with 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.
