Wellesley Asset Management Announces Two New Executives Join the Firm: George M. Vazquez and Howard Needle

WELLESLEY, Mass.--(BUSINESS WIRE)--Wellesley Asset Management is pleased to announce that two new senior members have joined their team. In September, George Vazquez accepted an executive position in the Private Client Group and is responsible for distribution to individuals, RIAs and family offices. George has over 30 years’ experience in the investment industry working at Natixis Investments and Fidelity Investments with a keen understanding and appreciation of convertible bonds. George received his BA from Tufts and an MBA from Columbia University.

Howard Needle recently became part of the Portfolio Management Team and will help in portfolio management with a focus on the firm’s private fund portfolio. He will also assist in marketing and distribution of the firm’s varied products and services. Howard has over 30 years’ experience managing substantial convertible bond portfolios at Bank of America, is well-versed in all aspects of convertible investing including convertible arbitrage, and has written various white papers on convertible securities. Howard received his BA from Harvard University and his MBA from UCLA.

“We are excited to have these two high-level investment professionals on our team,” said Michael Miller, CFIP, President and Chief Investment Officer. “Both George and Howard bring an abundance of experience and talent that will strengthen our ongoing goal of providing our best in class and unique convertible bond investment products along with exceptional service.”

Greg Miller, CPA, Founder, Chairman and CEO added, “Wellesley Asset Management has been providing clients with its convertible bond investment strategy for close to thirty years. I am so pleased that George and Howard have joined our firm, bringing new insights as we look toward our next decade of growth in the investment industry.”

About Wellesley Asset Management, Inc.

Wellesley Asset Management (Wellesley) is an SEC registered investment advisory firm located in Wellesley, Massachusetts specializing in the management of convertible bonds through separately managed accounts, mutual funds and a private fund. Managing assets exceeding $2 billion, Wellesley is a trusted advisor to a diverse client base serving high and ultra-high net-worth individuals, registered investment advisors, institutions, pensions, and other investment professionals. Founded in 1991, by Greg Miller, CPA, Wellesley invests in convertible bonds deploying absolute return-seeking strategies. Additional information about the firm is available at www.wam.com.

Disclosures:

The reader should not rely on this information for investment purposes. This information is not intended as a recommendation to buy or sell any security.

All investing involves risk, including the risk of loss. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. The value of an investment in convertible securities may decrease as well as increase.