Kathleen Gaffney has joined Eaton Vance as vice president and co-director of investment-grade fixed income.

Gaffney will work alongside Thomas Luster and will report to Payson Swaffield, chief income investment officer. She joins from Loomis, Sayles & Company, where she was a vice president and portfolio manager for the fixed income group. Overall, she has 28 years of experience as a portfolio manager and trader.

As of September 30, Eaton Vance managed approximately $81 billion in income portfolios invested in investment-grade and high-yield corporate bonds, preferred stocks, US government obligations, mortgage-backed securities, asset-backed securities, floating-rate bank loans, global sovereign credit and currency investments.

Overall, New York-listed Eaton Vance and its affiliates managed $198.2 billion in assets as of September 30.