NEW YORK and LONDON, Oct. 1, 2012 /PRNewswire/ -- Standish Mellon Asset Management Company LLC, the Boston-based fixed income specialist for BNY Mellon, has hired Raman Srivastava as co-deputy chief investment officer and managing director of global fixed income, with responsibility for overseeing all global and non-U.S. fixed income strategies.
In this newly created position, Srivastava will report to David Leduc, Standish's chief investment officer. Srivastava, Leduc and David Horsfall, co-deputy chief investment officer will be responsible for managing Standish's multi-sector and absolute return fixed income strategies.
Brendan Murphy, director of global fixed income, and Rebecca Braeu, head of global sovereign research, will report to Srivastava.
"Raman Srivastava brings a wealth of global, absolute return and leadership experience to Standish and will be an important addition to our senior investment team," said Leduc. "We are experiencing strong growth across a number of key strategies and Raman's addition will enhance our already strong team."
Srivastava has spent his entire investment career focused on fixed income. He most recently was a senior investment professional and portfolio manager for Putnam's core plus, global fixed income and absolute returns teams. Earlier in his career, Srivastava was a fixed income analyst with Bank of Nova Scotia in Toronto. In May 2008, he was named one of the top 20 rising stars of fixed income by Institutional Investor magazine. He received his master's degree from Carnegie Mellon.
"Raman and the team will focus on developing innovative ways to meet the evolving needs of our clients," said Desmond MacIntyre, chairman and chief executive officer of Standish. "They will build on the strength of our multi-sector capabilities, which account for nearly 50 percent of Standish's assets under management today."
MacIntyre noted that Srivastava is one of several key hires underway to support the business' growth.
Notes to Editors:
Standish Mellon Asset Management Company LLC, with approximately $97.5 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include: Absolute Return (Opportunistic), Total Return (Global Core Plus, Core Plus, Core), Credit (Investment Grade, High Yield), Emerging Market Debt (Sovereign, Corporate), LDI Solutions, Insurance Client Strategies, Tax Sensitive and Crossover Strategies. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
All information source BNY Mellon as of June 30, 2012. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company
SOURCE BNY Mellon; Standish Mellon Asset Management Company LLC