BNY Mellon Investment Manager Focuses on Continuing to Build Multi-Sector Capabilities
NEW YORK and LONDON, October 1, 2012 — 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.
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.
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