BNY Mellon Investment Manager Focuses on Continuing to Build Multi-Sector Capabilities
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.