The fixed income boutique of BNY Mellon has announced who is taking over as its new chief executive.

Standish Mellon Asset Management Company, the fixed income investment boutique of BNY Mellon Investment Management, has appointed David Leduc as chief executive.

Leduc will continue to serve as the firm's chief investment officer, a role he has held for the last five years. He succeeds Desmond Mac Intyre, who is leaving to pursue other opportunities, the firm said.

Leduc has worked at Standish for over 20 years, having joined as a portfolio manager and analyst for US domestic fixed income in 1995.

Standish Mellon Asset Management Company, with around $160 billion of assets under management, provides investment management services across fixed income asset classes.