BNY Mellon Investment Boutique Bolsters Capabilities in Opportunistic Fixed Income Strategies
NEW YORK and LONDON, June 10, 2014 /PRNewswire/ -- Standish Mellon Asset Management Company LLC, the Boston-based fixed income investment boutique for BNY Mellon, has named Scott D. Zaleski to the newly created position of client portfolio manager, with responsibility for representing Standish and its products, product development and business development for global multi-sector investment strategies, with a special focus on Standish's opportunistic fixed income strategies.
Zaleski reports to Michael A. Faloon, chief operating officer of Standish, and David Leduc, Standish's chief investment officer.
"We see growing interest in opportunistic fixed income strategies and the need to educate key members of the financial community about the way these strategies are implemented," Faloon said. "Scott brings a strong track record of managing fixed income strategies, as well as the ability to explain and position complex investment products."
"Multi-sector strategies, and opportunistic fixed income strategies in particular, are becoming an increasingly important part of fixed income portfolios as opportunities and risks are rapidly changing in the current interest rate environment," said Leduc. "Investors need to be flexible and move nimbly to maximize their returns and limit downside risks."
Standish manages approximately $1.9 billion in opportunistic fixed income strategies.
Zaleski joins Standish from The Flatley Company, where he was a senior portfolio manager. Prior to that, he was a portfolio manager for Wellington Management Company LLP and also had experience with Putnam Investments, State Street Global Advisors and Fidelity Investments.
He received his bachelor's degree from Skidmore College and his master's degree from Boston College.
Notes to Editors:
Standish Mellon Asset Management Company LLC, with approximately $162 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish. Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY 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 $1.6 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 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 March 31, 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 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, or follow us on Twitter @BNYMellon.
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