Standish Mellon Asset Management Company has appointed David Leduc as Chief Executive Officer (CEO).
Leduc will continue to serve as the firm's Chief Investment Officer, a position that he has held for the last five years. He succeeds Desmond Mac Intyre who will be leaving to pursue other opportunities. Mac Intyre will serve as an advisor to Standish until mid-November.
Leduc has been at Standish for over 20 years, joining the firm as a portfolio manager and analyst for US domestic fixed income in 1995. In addition to serving on the firm's Senior Management Committee, he has held a number of leadership positions during his tenure at Standish, including head of the global fixed income and structured finance teams in addition to portfolio management roles in US core and global credit strategies.
"As Standish continues to leverage the support of BNY Mellon Investment Management and focus on delivering fixed income investment solutions, Dave's deep investment experience will help position the firm for future growth," says Curtis Arledge, Vice Chairman of BNY Mellon and Chief Executive Officer of BNY Mellon Investment Management.
"We thank Des for his leadership and significant contributions in growing Standish's global presence as a leading provider of fixed income solutions and in establishing the business platform that has prepared Standish for its next chapter. The Standish leadership team is focused squarely on delivering leading investment solutions to clients and Dave's knowledge of the global investment markets and long tenure with the firm will seamlessly build on the excellent work that Des and the entire Standish team have delivered to date," Arledge adds.
"Standish's focus is to provide innovative solutions for our clients' fixed income investment needs," says Leduc. "We have a strong team-based investment process built around experienced and expert single and multi-sector investment teams. We will continue to strengthen our investment capabilities while focusing on delivering the results our clients expect. I am excited to lead Standish forward and build on Des's many accomplishments."
"With Standish's experienced investment team supported by the excellent global platform we have built over the last few years and the increasing support of BNY Mellon Investment Management, Standish is ideally positioned to continue delivering for clients over the long-term. With that in mind, now is the right time for me to step back and have Dave take the business forward," says Mac Intyre.
