Standish Mellon Names Karen Bater to High Yield Team
July 12 2007 - 11:29AM
PR Newswire (US)
-- Fixed income specialist joins BNY Mellon Asset Management unit
from Gartmore -- BOSTON, July 12 /PRNewswire-FirstCall/ -- Standish
Mellon Asset Management, an investment subsidiary of The Bank of
New York Mellon Corporation, today announced that it has
significantly enhanced its fixed income capabilities with the
appointment of Karen Bater as director of high yield strategies.
Bater, who had been a senior investment professional with Gartmore
Global Investments, will report to Kent Wosepka, managing director
of core plus and absolute return strategies at Standish. Bater
comes to Standish with over 25 years' of portfolio management
experience. In her seven years at Gartmore, she led the high yield
portfolio management team, which delivered strong, consistent
performance results. Prior to Gartmore, Bater was a portfolio
manager at CoreStates Investment Advisors. Karen received a finance
degree from Pennsylvania State University and is a chartered
financial analyst. Commenting on the appointment, Mitchell Harris,
chairman and CEO of Standish Mellon, said "Karen's appointment
represents an important addition to our global fundamental research
platform and further expands our capabilities in this important and
fast-growing asset class. Together with the recent appointment of
Alexander Kozhemiakin as director of emerging market strategies in
February 2007, Standish is committed to enhancing its comprehensive
range of strategies and adding the strongest possible investment
resources on behalf of our clients." With more than $160 billion in
assets under management, Standish Mellon provides customized
solutions for a wide variety of sophisticated investors across a
broad spectrum of fixed income capabilities. These include absolute
return strategies, high income / high yield, emerging market debt,
global fixed income, core/core plus, municipal/tax sensitive, beta
strategies, short duration and stable value strategies.
Headquartered in Boston, with offices in Pittsburgh and San
Francisco, Standish Mellon is one of 19 investment subsidiaries
that comprise the BNY Mellon Asset Management business. BNY Mellon
Asset Management is a leading global provider of investment
management products and services that offers a broad range of
equity, fixed-income, hedge and liquidity management products
through individual asset management companies and multiple
distribution channels. The Bank of New York Mellon Corporation is a
global financial services company focused on helping clients move
and manage their financial assets, operating in 37 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset and wealth
management, asset servicing, issuer services, and treasury services
through a worldwide client-focused team. It has more than $18
trillion in assets under custody and administration and $1 trillion
in assets under management, and it services more than $11 trillion
in outstanding debt. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Mike Dunn of The Bank of New York Mellon
Corporation, +1-212-922-7859, Web site: http://www.bnymellon.com/
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