BNY Mellon Asset Management Selected by Taiwan Bureau of Labor Insurance to Manage US$200 Million in Global Fixed Income
January 27 2010 - 7:40AM
PR Newswire (US)
Fixed Income specialist, Standish, sees growing opportunities in
Asia 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 http://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)
DATASOURCE: BNY Mellon CONTACT: Mike Dunn, +1-212-922-7859, , or
Sarah Deutscher, +44-20-7163-2744, Web Site:
http://www.bnymellon.com/
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