Standish Mellon Asset Management Company, the Boston-based fixed-income fund management unit of BNY Mellon, has hired a senior portfolio manager for currency strategies from American Century Investments, the bank says in a statement.
Federico Garcia Zamora will be responsible for making investment recommendations in global currencies for single-sector and multi-sector fixed-income strategies. He will also be responsible for managing Standish’s currency absolute return strategies, which are due to be launched. Garcia Zamora will report to David Leduc, chief investment officer.
“In the current low-interest-rate environment, our clients need creative solutions to provide both income and attractive risk-adjusted total returns,” says Des MacIntyre, Standish’s chairman and chief executive officer. “Our expansion into currency absolute return strategies is a natural progression for Standish and expands our ability to create additional returns for our clients.”
Standish, with approximately $104 billion of assets under management, provides investment management services across a broad spectrum of fixed-income asset classes. The firm also includes assets managed by Standish personnel acting as dual officers of the Dreyfus Corporation and the Bank of New York Mellon.