BNY Mellon Investment Manager Sees Insurance Assets Rise Nearly 13 Percent in 6 Months
BOSTON, July 23, 2012 — Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon, has hired Amanda E. Abdella as senior portfolio manager with responsibility for managing bond portfolios for insurance clients.
In this newly created position, Abdella also will have client service responsibilities. She reports to Anthony C. Criscuolo, managing director of insurance client strategies for Standish.
"Amanda has substantial experience managing bond portfolios in the insurance industry," said Criscuolo. "She is a welcome addition to our insurance team, which has grown assets under management nearly 13 percent to $19.3 billion during the first half of 2012."
Abdella had been a senior portfolio manager and senior vice president for Hartford Investment Management Company, where she was responsible for managing a wide range of fixed income investments. She received her master's degree from the University of Connecticut and her bachelor's degree from Clarkson University.
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 corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in insurance and liability driven investing. 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. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.
All information source BNY Mellon and Standish as of June 30, 2012. 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 CompanySM