Capital IQ Power Moves

The Bank of New York Mellon Corporation appointed Jeffrey B. Saef as the director of multi-strategy investment solutions for its asset management division. Mr. Saef, who will be based in Boston, was an executive vice president and a director of institutional investment strategies at Pyramis Global Advisors, the institutional investment arm of Fidelity Investments. He was also a member of the executive management team at Pyramis, where he had established its institutional product line. Before joining Pyramis he had been a managing director and head of investment strategy at Putnam Investments.-American Banker