Standish Mellon Asset Management, a US-based fixed income investment boutique of BNY Mellon, has named David Leduc as new CEO, replacing Desmond Mac Intyre, who will continue to serve as an advisor to Standish until mid-November 2015.
Additionally, Leduc will retain his current role as chief investment officer of the firm.
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Leduc, who joined the firm in 1995 as a portfolio manager and analyst for US domestic fixed income, has served on the firm’s senior management committee.
He has also held number of leadership roles at Standish, including head of the global fixed income and structured finance teams, he has held management roles in US core and global credit strategies.
BNY Mellon vice chairman and BNY Mellon investment management CEO Curtis Arledge said: "As Standish continues to leverage the support of BNY Mellon Investment Management and focus on delivering fixed income investment solutions, Dave’s deep investment experience will help position the firm for future growth."
Leduc added: "We will continue to strengthen our investment capabilities while focusing on delivering the results our clients expect. I am excited to lead Standish forward and build on Des’s many accomplishments."
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