BNY Mellon Investment Manager Will Launch Currency Absolute Return Strategy
NEW YORK and LONDON, December 3, 2012 — Standish Mellon Asset Management Company LLC, the Boston-based fixed income specialist for BNY Mellon, has hired Federico Garcia Zamora as senior portfolio manager of currency strategies, with responsibility for making investment recommendations in global currencies for single sector and multi-sector fixed income strategies.
He also will be responsible for managing Standish's soon-to-be-launched currency absolute return strategies. In this newly created position, Garcia Zamora reports to David Leduc, chief investment officer, Standish.
Garcia Zamora had been a co-manager of the international fixed income, global fixed income and strategic inflation opportunities funds at American Century Investments and previously was a currency strategist and portfolio manager at Lehman Brothers Asset Management. He received his MBA from Columbia Business School and has a master's degree in finance from Universidad de Buenos Aires.
"Federico has extensive experience developing and implementing currency and currency overlay strategies using both quantitative and fundamental investment approaches," said Leduc. "He joins our growing team of experienced investment professionals supporting our global, emerging, opportunistic and absolute return investment strategies."
"In the current low-interest-rate environment, our clients need creative solutions to provide both income and attractive risk adjusted total returns," said Des Mac Intyre, Standish's chairman and chief executive officer, "Our expansion into currency absolute return strategies is a natural progression for Standish and expands our ability to create additional returns for our clients."
Standish Mellon Asset Management Company LLC, with approximately $104 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 $1.4 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 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.
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