Mellon Capital 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,” says Ronald P. O’Hanley, president and CEO, BNY Mellon Asset Management. “With Michael Ho rejoining us, I see that pattern of excellence continuing.”
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 Stanford University.
“We are delighted to welcome Michael Ho back. 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,” says Charlie Jacklin, president and CEO, Mellon Capital.
“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. 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,” adds Hazuka.
Founded in 1983, Mellon Capital specializes in global and US quantitative investment strategies. As of 30 September 2007, the firm had $193.1 billion in assets under management, including assets managed by dual officers and $31.0 billion in overlay strategies.