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Market Street Advisors hires wrap-business veteran

FWR Staff

10 September 2007

Ex-Mellon, Laurel executive joins outsourced asset-management administrator. Market Street Advisors (MSA), a full service provider of middle and back-office administration for asset managers and sponsors, has hired separately managed account (SMA) industry veteran Jon Anderson away from Bank of New York Mellon.

Initially Anderson will focus on supporting MSA's sales and product-development initiatives.

"Jon has a wealth of experience not only in the wrap channel, but also in the sponsor, institutional and private-wealth channels," says Bevin Crodian, CEO of Market Street Advisors.

Another example

An employee of Mellon Financial before and after its recent merger with the Bank of New York, Anderson was head of operations and marketing at Mellon asset-management affiliate Laurel Capital Advisors -- at one time one of the biggest SMA managers around -- and head of investment communications for Mellon Private Wealth Management.

Earlier this year Pittsburgh-based asset manager Cookson Peirce chose MSA to provide account-processing services in support of its push in the SMA market. "A key benefit of it with creativity and integrity." -FWR

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