BNY Mellon Investment Manager Will Launch Currency Absolute Return Strategy
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."