BNY Mellon Asset Management Names Jeffrey Saef Director of Multi-Strategy Investment Solutions
November 10 2008 - 8:55AM
PR Newswire (US)
Will Lead U.S. Effort to Leverage Full Range of Multi-Boutique
Capabilities BOSTON, Nov. 10 /PRNewswire-FirstCall/ -- BNY Mellon
Asset Management has named Jeffrey B. Saef director of
multi-strategy investment solutions. Saef, who reports to Phil
Maisano, chief investment strategist, is responsible for developing
integrated solutions for U.S. clients that combine investment
strategies from the asset manager's investment boutiques. Saef, who
is based in Boston, joins BNY Mellon Asset Management from Pyramis
Global Advisors, a Fidelity Investments Company, where he was an
executive vice president and director of institutional investment
strategies. He was on the executive management team and responsible
for establishing the institutional product line for the firm. His
responsibilities also included developing new products and
executing new business strategies in international markets,
sub-advisory markets, and defined contribution markets. Most
recently, he managed the development and launch of Pyramis'
institutional lifecycle products. "Jeff Saef has the experience and
expertise to lead our efforts to provide multi-strategy solutions
to our clients," said Maisano. "Increasingly, a wide range of our
clients from retail intermediaries to highly sophisticated
institutional clients are asking us to provide a combination of
investment strategies that cover a broad spectrum of approaches,
ranging from asset allocation to absolute return to inflation
hedging." "BNY Mellon Asset Management has a large, diverse
investment platform that is well suited for constructing
multi-strategy solutions," said Saef. "Its multi-boutique model
ensures that its investment firms pursue truly diverse and
autonomous sources of return." Saef also had experience at Putnam
Investments, where he was a managing director and head of
investment strategy and research for its global institutional
business. He has extensive experience in the fixed income area,
having spent over a decade as a portfolio manager for both Putnam
and Independence Investment Associates. He received his MBA degree
from the F.W. Olin Graduate School of Business at Babson College
and his bachelor's degree from Brown University. The Bank of New
York Mellon Corporation 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. The company 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 more than $22.4
trillion in assets under custody and administration, approximately
$1.1 trillion in assets under management and services $12 trillion
in outstanding debt. Additional information is available at
bnymellon.com. DATASOURCE: The Bank of New York Mellon Corporation
CONTACT: Mike Dunn, The Bank of New York Mellon Corporation,
+1-212-922-7859, Web Site: http://www.bnymellon.com/
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