Standish Enhances LDI Overlay Capabilities

BOSTON, Jan. 12, 2015 /PRNewswire/ -- Standish Mellon Asset Management Company LLC, a BNY Mellon investment boutique specializing in fixed income, has named Max Guimond to the newly created position of solutions strategist for its Liability Driven Investing (LDI) group.

Guimond, who reports to Andrew Catalan, managing director and senior portfolio manager, is focusing on managing overlays, augmenting Standish's strong cash bond capabilities.  Guimond will oversee the implementation of completion strategies that utilize cash and derivatives to hedge the inherent risks in a defined benefit pension plan.

LDI strategies have become an increasingly important tool for defined benefit pension plans seeking to reduce volatility in the funded status of their plans.  Standish manages approximately $15.4 billion in LDI strategies.

"As plan sponsors continue their efforts to minimize the effects of market volatility on the funded status of their plans, they increasingly rely on hedging managers specializing in LDI for solutions that go beyond traditional fixed income investments," said Catalan. "With Max joining our team, Standish increases the flexibility it can bring to managing risk across a wide array of asset classes."

Guimond said, "Successfully implementing LDI requires consideration of the total plan portfolio, including return-seeking assets such as equities.  Standish utilizes tools that can provide an additional level of customization that goes beyond commonly used fixed income corporate-based or government-based benchmarks."

Based in Standish's Boston headquarters, Guimond previously worked as a solutions strategist for Legal & General Investment Management America, where he structured LDI solutions. He also managed LDI portfolios for the firm.  Earlier in his career, he was a financial risk manager and derivatives trader for Milliman Inc.

Guimond received his bachelor's degree from Dartmouth College. 

Notes to Editors:

Standish Mellon Asset Management Company LLC, with approximately $163.8 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies.  Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish.  Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of September. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of September 30, 2014. This press release is qualified for issuance in the US only 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 authorized. This press release is issued by BNY Mellon Investment Management 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.  A BNY Mellon Company. 

SOURCE BNY Mellon

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