Focus will be on expanding alternative offerings
LONDON and NEW YORK, May 9, 2012 — The Boston Company Asset Management, LLC, the Boston-based equities investment specialist for BNY Mellon Asset Management, has named Adam B. Joffe director of alternatives.
He is responsible for developing The Boston Company's capabilities across the alternative investment space, including hedge funds, long/short funds, sector-specific portfolios, market-neutral strategies and other specialties. In this newly created position based in Boston, he reports to Bart Grenier, chairman, chief executive officer and chief investment officer of The Boston Company.
Joffe has also assumed the position of chief administrative officer, also newly created, overseeing operations and support service. In this role, he reports to Joseph P. Gennaco, president and chief operating officer.
"Our firm is dedicated to providing clients with innovative investment options, including an expanding array of alternative strategies," Grenier said. "Adam's knowledge, experience and vision will contribute greatly to the dynamic evolution of our alternatives offerings."
Before joining The Boston Company, Joffe served as chief financial officer and senior vice president at New York-based First Eagle Investment Management. Prior to that, he spent more than 10 years at Deutsche Asset Management in various roles, including chief operating officer of hedge funds and fund of funds for the DB Advisors Hedge Fund Group.
Joffe received his MBA and bachelor's degrees from Bryant University in Rhode Island. He was a certified public accountant in the state of Rhode Island and is a CFA charterholder.
The Boston Company Asset Management, a BNY Mellon Asset Management investment boutique, provides investment management services for corporate, public, mutual funds and Taft-Hartley retirement plans, endowments and foundations.
BNY Mellon Asset Management is one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found at www.bnymellonam.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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 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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