Standish team becomes part of Alcentra
Big US institutional BNY Mellon has announced that the high yield bond team of Standish Mellon Asset Management Company is to become part of Alcentra NY from January, next year.
It said that, as a result, the Alcentra Group is expected to have approximately US$23 billion under management, split between its US and European businesses.
The announcement said the combination of the two teams would create an extremely competitive bench of talent for investors to access, with the US-based team more than doubling from eight dedicated sub-investment grade investment professionals to 15.
Alcentra chief investment officer Paul Hatfield will relocate to New York as president and head of Alcentra’s US operations, which will be based in New York and Boston. Hatfield will continue to report to David Forbes-Nixon, chairman and CEO of Alcentra.
Announcing the change, BNY Mellon Investment Management chief executive Curtis Arledge said the goal was to deliver distinctive investment results and develop tailored product solutions for clients.
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