Monday, January 07, 2008
Home Again at Mellon
News summary by MFWire's editors
is returning to Mellon Capital Management
, a division of BoNY-Mellon, as chief investment officer. Ho was with Mellon until 2003, when he left to take the CIO position at Zurich-based Marcuard Family Office AG
. Ho succeeds Thomas Hazuka
, who has been named vice chairman.
Mellon Press Release
Management, one of the asset management boutiques within The Bank of New
York Mellon, has announced the appointment of Michael C. Ho as its chief
investment officer. Ho succeeds Thomas B. Hazuka, who has been named vice
chairman and will focus on client relationships. Hazuka, having served as
CIO since 1989, recently was named to the Mellon Capital board of directors
and will remain an active participant of the investment committee.
"Tom Hazuka has achieved terrific results as CIO," said Ronald P.
O'Hanley, president and chief executive officer of BNY Mellon Asset
Management. "With Michael Ho rejoining us, I see that pattern of excellence
Ho returns to Mellon Capital, where he had served in increasingly
responsible positions from 1996 to 2003, including leading the development
and management of its hedge fund strategies and leading research on its
global tactical asset allocation strategy. Since 2003, he served as chief
investment officer of Marcuard Family Office AG in Zurich and he founded
Kevian Capital Management, where he also served as chief investment
officer. Earlier in his career, he developed global fixed income, currency
and equity strategies at Stanford Management Company. He obtained his PhD
degree in management science and engineering with a focus on finance from
"We are delighted to welcome Michael Ho back," said Charlie Jacklin,
president and chief executive officer of Mellon Capital. "He is well versed
in our investment philosophy and approach, which has produced strong
results over the long term. I would like to thank Tom Hazuka, who is moving
to a new position as he leaves our investment team in great shape."
"I and the other investment professionals at Mellon Capital have worked
with Michael in the past, and we are excited to be working with him again,"
Hazuka said. "His views on the quantitative investment process are closely
aligned with mine, and I know that our clients will benefit from his top-
flight abilities and insights. With Michael coming aboard, I feel confident
that I am leaving our investment processes in good hands and can devote
more time to client relationships."
Founded in 1983 by innovators in the investment management field,
Mellon Capital specializes in global and U.S. quantitative investment
strategies. As of September 30, 2007, the firm had $193.1 billion in assets
under management, including assets managed by dual officers and $31.0
billion in overlay strategies. Additional information about Mellon Capital
is available at http://www.mcm.com. It is part of BNY Mellon Asset Management, one
of the world's largest global asset managers with more than US$1 trillion
in assets under management.
The Bank of New York Mellon Corporation is a global financial services
company focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior asset
management and wealth management, asset servicing, issuer services,
clearing services and treasury services through a worldwide client-focused
team. It has more than $20 trillion in assets under custody and
administration, more than $1.1 trillion in assets under management and
services $11 trillion in outstanding debt. Additional information is
available at bnymellon.com.
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