NEW YORK, Aug. 14, 2015 /PRNewswire/ -- Standish Mellon Asset Management Company LLC, a fixed income investment boutique of BNY Mellon Investment Management, has appointed David Leduc as Chief Executive Officer. Mr. Leduc will continue to serve as the firm's Chief Investment Officer, a position that he has held for the last five years. He succeeds Desmond Mac Intyre who will be leaving to pursue other opportunities. Mr. Mac Intyre will serve as an advisor to Standish until mid-November.
Mr. Leduc has been at Standish for over 20 years, joining the firm as a portfolio manager and analyst for U.S. domestic fixed income in 1995. In addition to serving on the firm's Senior Management Committee, he has held a number of leadership positions during his tenure at Standish, including head of the global fixed income and structured finance teams in addition to portfolio management roles in U.S. core and global credit strategies.
"As Standish continues to leverage the support of BNY Mellon Investment Management and focus on delivering fixed income investment solutions, Dave's deep investment experience will help position the firm for future growth," said Curtis Arledge, Vice Chairman of BNY Mellon and Chief Executive Officer of BNY Mellon Investment Management.
"We thank Des for his leadership and significant contributions in growing Standish's global presence as a leading provider of fixed income solutions and in establishing the business platform that has prepared Standish for its next chapter. The Standish leadership team is focused squarely on delivering leading investment solutions to clients and Dave's knowledge of the global investment markets and long tenure with the firm will seamlessly build on the excellent work that Des and the entire Standish team have delivered to date," Arledge continued.
"Standish's focus is to provide innovative solutions for our clients' fixed income investment needs," said Mr. Leduc. "We have a strong team-based investment process built around experienced and expert single and multi-sector investment teams. We will continue to strengthen our investment capabilities while focusing on delivering the results our clients expect. I am excited to lead Standish forward and build on Des's many accomplishments."
"With Standish's experienced investment team supported by the excellent global platform we have built over the last few years and the increasing support of BNY Mellon Investment Management, Standish is ideally positioned to continue delivering for clients over the long-term. With that in mind, now is the right time for me to step back and have Dave take the business forward," said Mr. Mac Intyre.
Notes to Editors:
Standish Mellon Asset Management Company LLC, with approximately $160 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), Global Credit, 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. Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon. For more information please visit www.standish.com
About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.7 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.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
All information source BNY Mellon as of March 31, 2015. This press release is qualified for issuance in the US only 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 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. A BNY Mellon Company.
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SOURCE BNY Mellon; Standish Mellon Asset Management Company LLC