US — Asset management firm Dreyfus Corporation has announced Phil Maisano, alternative investments head for Mellon Asset Management (MAM), is to take on the additional roles of Dreyfus CIO and vice chairman effective immediately.
Maisano has also been appointed to the Dreyfus Corporation board of directors and its operating committee. Dreyfus Corporation has around US$180bn in assets under management, and is a subsidiary of Mellon Financial Corporation.
Stephen Canter, Mellon vice chairman and Dreyfus chairman and CEO explained that, because the majority of Dreyfus' long-term funds were now managed by other MAM subsidiaries, it was now "essential" the firm worked across all of MAM in order to accomplish that objective.
In his role as CIO, Maisano will report to Canter.
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