BOSTON, Jan. 27 /PRNewswire-FirstCall/ -- Standish Mellon Asset Management Company LLC ("Standish"), the fixed income specialist for BNY Mellon Asset Management, has been named to manage a US$200 million global fixed income mandate by Taiwan's Bureau of Labor Insurance.
The mandate covers a wide range of fixed income instruments including government, supranational, corporate and securitized assets.
"We continue to see new business in eastern Asia as institutional investors in the region increase their commitment to global fixed income," said Ronald P. O'Hanley, president and chief executive officer of BNY Mellon Asset Management. "Our clients in Asia have been particularly interested in the strong risk-adjusted returns that Standish has achieved."
"We are seeing growing interest in global fixed income as institutions increasingly see its value as a diversifier and potential return enhancer relative to their domestic bond portfolios," said Desmond MacIntyre, president and chief executive officer of Standish. "Global bonds are a very good way to take advantage of differential growth rates around the world. Fast-growing economies are likely to offer opportunities to investors in both sovereign and corporate debt securities and Standish is ideally placed to identify and capture these opportunities for our clients."
Notes to Editors:
Standish Mellon Asset Management Company LLC, with $63 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon, each a subsidiary of The Bank of New York Mellon Corporation.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.
All information source BNY Mellon Asset Management as at 31/12/09. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International Limited: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority.
A BNY Mellon Company(SM)
SOURCE BNY Mellon