BNY Mellon Asset Management North America (BNY Mellon AMNA) has hired former Fidelity, Janus and Goldman alumna Stephanie Pierce as head of investment strategy and innovation.
BNY Mellon merged its three largest boutique asset managers Mellon Capital Management, Standish Mellon Asset Management and The Boston Company Asset Management in November last year to create the $560 billion BNY Mellon AMNA.
In her new role, Pierce will be in charge of product innovation, addressing clients’ needs while working on the integration of the legacy businesses, according to Des Mac Intyre, chairman and chief executive of BNY Mellon AMNA.
Pierce mostly recently served as an executive vice president at Fidelity Investments’ investment product group from December 2014 to January 2017.
In that role, she led investment product strategy and development for over 500 mutual funds, over 100 institutional composites and collective investment trusts, and 15 active and passive ETFs across all asset classes.
She launched Fidelity’s first retail separately managed account, Fidelity’s first active fixed income ETFs and Fidelity's first six smart beta ETFs including dividend, quality, momentum and other factor-based strategies, according to her LinkedIn page.
Prior to joining Fidelity, Pierce was a senior vice president at Janus Henderson Investors where she created and managed a global product organization that raised over $4 billion in new assets. She also held various roles at Goldman Sachs from 1992 to 2005.
‘Having spent my professional career in strategy, product management and development, I immediately grasped the vision Des and the team presented of the newly combined firm, which I believe represents the future of our industry,’ said Pierce.
BNY Mellon Investment Management, a division of BNY Mellon, had $1.9 trillion in assets under management as of December 31 2017.