At the Crossroads of Insight and Active Management

Joan Payden is the President and Chief Executive Officer of Payden & Rygel, the global investment management firm that she founded in 1983 and has overseen the firm’s international expansion. In 1992 the firm launched Payden & Rygel Investment Group, a family of mutual funds, of which she is Chief Executive Officer. Subsequently many of these strategies were duplicated in UCITS funds domiciled in Ireland. In 1998 Payden & Rygel Global Ltd. was founded in London. At the same time, the firm established Metzler-Payden, LLC, its joint venture with Metzler Bank, Germany’s oldest private bank. In addition to the London office, in 2010 a Boston office was opened and more recently opened the Milan, Italy office. Joan serves on the UCLA Anderson School board of advisors and is a trustee of Loyola Marymount University and a trustee emeritus of the University of Southern California. She is also a member of the board of the Town Hall of Los Angeles, the Los Angeles Sports Council, the California Chamber of Commerce, and the Natural History Museum of Los Angeles. She is past chairman of the Investment Counsel Association of America.

Joan is a graduate of the Advanced Management Program at Harvard Business School and earned a BA from Trinity Washington University in Mathematics and Physics.

Brian Matthews is a Managing Director and the Chief Financial Officer at Payden & Rygel and is a member of the board of directors. Brian is a member of the firm’s Investment Policy Committee and serves as a Senior Portfolio Manager advising institutional clients, including corporations, pension funds, insurance companies, foundations, and endowments. He is a director of Metzler-Payden, LLC, the firm’s joint venture with Metzler Bank of Frankfurt, Germany.
Prior to joining Payden & Rygel, Brian was an investment officer at Brown Brothers Harriman & Company in New York, where he was responsible for managing fixed-income portfolios and asset/liability management.
Brian is a member of the CFA Society of Los Angeles, the CFA Institute, and the Investment Counsel Association of America, Inc. He is past chairman and on the executive board of directors for the Boy Scouts of America Los Angeles Area Council and serves on the board of directors for Oaks Christian School, St. Anne’s, Salvation Army, and is a board member of the Patron of the Arts in the Vatican Museums.
Brian earned a BS in Economics at the University of Notre Dame.

James Sarni is a Managing Director at Payden & Rygel. James serves as a Senior Portfolio Manager advising pension funds, insurance companies, corporations, health care organizations, Taft-Hartley plans, universities and endowments.
Prior to joining Payden & Rygel, James was a Vice President and senior portfolio manager at First Interstate Bank where he managed the trust department’s commingled bond funds as well as institutional client portfolios.
James is a member of the University of Southern California’s Marshall School of Business Board of Leaders, the Board of Directors of USC’s Center for Investment Studies, Mount Saint Mary’s University Board of Trustees and St. Francis Center. He is past president of the Washington, DC-based Investment Adviser Association, Pasadena City College Foundation, CFA Society of Los Angeles and St. Philip the Apostle School board of trustees.
James earned an MBA with an emphasis in finance and a BS from the University of Southern California.

Mary Beth Syal is a Managing Director at Payden & Rygel. Mary Beth is a member of the firm’s Investment Policy Committee. She oversees the firm’s low duration strategies and serves as a Senior Portfolio Manager advising corporations, insurance companies and family offices. She is a director of Payden & Rygel Global Ltd., Payden Global Funds plc. and Payden AIF ICAV.
Prior to joining Payden & Rygel, Mary Beth was a Portfolio Manager and strategist at Amervest Company, Inc., where she was the co-chair of the Investment Strategy Committee.
Mary Beth is a member of the CFA Society of Los Angeles and the CFA Institute. In addition, she serves on the Investment Committee of the Western Area of the Religious of the Sacred Heart of Mary.
Mary Beth earned an AB degree in Government from Smith College in Northampton, Massachusetts.

James Wong is a Managing Director, a member of the Investment Policy Committee and Co-Manager of Payden & Rygel’s domestic and global equity strategies. He has worked with the firm’s equity products since their inception. James has more than 25 years of expertise managing equities and fixed income portfolios, and he has overseen multiple portfolio strategies over various economic and market cycles. He has extensive experience managing long/short portfolios, creating hedging strategies using derivatives and developing customized investment solutions for client specific needs.

James also has oversight responsibilities for the firm’s investment grade corporate and high yield strategies, and the corporate research area.

Before joining Payden & Rygel, James was a bond trader at the Union Bank of Switzerland. Previously, he was in the corporate finance group at Salomon Brothers Inc. James earned an MBA degree from The UCLA Anderson School of Management with an emphasis in finance. James received a BS degree in Economics from The Wharton School, University of Pennsylvania with a concentration in finance.

Michael Salvay is a Managing Director at Payden & Rygel. He is a member of the firm’s Investment Policy Committee and serves as Senior Portfolio Manager advising public pension plans, endowments and universities and corporations. He directs the core bond architecture group and has extensive experience in developing customized mandates for active and passive index replication portfolios as well as hedging programs.
Prior to joining Payden & Rygel, Michael was a Senior Portfolio Manager at Dewey Square Investors in Boston, where he specialized in mortgage-backed securities and duration immunization strategies.
Michael is a member of the CFA Institute. He earned an MBA from the Amos Tuck School at Dartmouth College and a BA in Economics from the University of California, San Diego.

Alfred Giles is a Managing Director and the head of Corporate Research at Payden & Rygel. He is responsible for managing the firm’s research process across investment grade, high yield, emerging markets, and equities. He is a member of the firm's Investment Policy Committee. Giles is also responsible for evaluating and recommending investment opportunities throughout the capital structure across various strategies. Al is a co-leader of Payden & Rygel’s Diversity & Inclusion initiative and represents Payden & Rygel on the CEO Advisory Council for the NICSA Diversity Project North America.
Prior to joining Payden & Rygel, Alfred worked as a Credit Analyst at UBS Investment Bank where he was responsible for providing investment recommendations to institutional investors. Previously, he was an investment banker at Credit Suisse and served in the U.S. Army as a Captain.
Alfred holds the Financial Industry Regulatory Authority series 7 and series 63 licenses. He earned an MBA with an emphasis in Finance and Business & Law from New York University’s Stern School of Business and a BS in Systems Engineering from the United States Military Academy in West Point, NY.

Greg Morrison is a Managing Director at Payden & Rygel and a member of the firm's Managing Committee. He leads the firm's global technology strategy and development, including application and data provider selection, systems integration, oversight of data center operations, information security, and business resiliency. He also oversees the firm's SOC 1 audit reporting process and adherence with the GIPS Standards.
Prior to joining Payden & Rygel, Greg was a member of the assurance and advisory services practice of Deloitte, where he specialized in audits of global investment managers and securities brokers and dealers.
Greg serves on the board of directors of Executive Service Corps of Southern California, where he is Vice Chair of the board and a member of the Investment and Audit Committees. He is past Chair of Washington University's Eliot Society, and a member of the CFA Institute, the CFA Society of Los Angeles, and the American Institute of Certified Public Accountants.
Greg Morrison is a Certified Public Accountant (inactive) and Chartered Financial Analyst. He earned a B.S. in Accounting and Management from Washington University in St. Louis.

Nigel Jenkins is a Managing Director at Payden & Rygel, and is responsible for the Firm’s London office, Payden & Rygel Global Ltd. He is a member of the firm’s Investment Policy Committee and oversees the Global Fixed Income strategy team, which manages all Euro and Sterling base currency and global benchmarked fixed income portfolios. Nigel is also part of the leadership team of our unconstrained fixed income group, with a focus on absolute return and multi asset credit portfolios. He is a director of Payden Global Funds plc. and Chairman of Payden AIF ICAV, which houses Payden Multi Asset Credit Fund. 
Prior to joining Payden & Rygel, Jenkins was a founding partner of Centric Capital LLP, a fixed income and currency hedge fund. Previously he was head of global fixed income at WestLB, and a director of the fixed income & currency group at Rothschild Asset Management, both in London.
Nigel also serves on the board of a Cambridgeshire Community Land Trust, focused on providing affordable housing to enable people with local connections to live locally.
Nigel Jenkins holds the ASIP designation of the UK Society of Investment Professionals, a member society of the CFA® Institute. He earned an MA degree in Economics from the University of Cambridge. 

Antonella Manganelli is the Chief Executive Officer and member of the Board of Directors of Payden Global SIM SpA, the EU entity of Payden & Rygel, based in Milan. Prior to joining Payden & Rygel, Antonella was responsible for the European Multi-Sector Credit Platform at Apollo Global Management. Antonella previously worked at Goldman Sachs Asset Management as a High Yield and Investment Grade Portfolio Manager within GSAM’s Global Fixed Income Team. Antonella started her career at Morgan Stanley, where she worked in the Private Wealth and Investment Management Divisions.
Antonella is a CFA charter holder and holds a M.Sc. in Economics from “Università Commerciale Luigi Bocconi” in Milan.