Standish Mellon Asset Management Company, a BNY Mellon investment boutique offering investment management services across fixed-income asset classes, named Max Guimond to the newly created position of liability-driven investing (LDI) solutions strategist.
Guimond is tasked with managing overlays, augmenting Standish’s cash bond capabilities. He will oversee the implementation of completion strategies that utilize cash and derivatives to hedge the inherent risks in defined benefit pension plans.
“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 solutions that go beyond traditional fixed-income investments,” says Andrew Catalan, managing director and senior portfolio manager at Standish. “With Max joining our team, Standish increases the flexibility it can bring to managing risk across a wide array of asset classes.”
Standish manages approximately $15.4 billion in LDI strategies, which have become an increasingly important tool for defined benefit pension plans seeking to reduce funded status volatility. Guimond, based in Standish’s Boston headquarters, notes that successfully implementing LDI strategies requires consideration of the total plan portfolio, including return-seeking assets such as equities. He is joining the company having previously served at Legal & General Investment Management America as a solutions strategist, structuring LDI solutions and managing LDI portfolios. He holds a bachelor’s degree from Dartmouth College.
More information can be found at www.bnymellon.com.