Joan Payden, Chief Executive Officer, Payden & Rygel Investment Management
October 31, 2008
Joan A. Payden, CFA,is the president and CEO of global investment management firm Payden & Rygel. Payden, who in 1983 left the partnership of a large investment firm to found Payden & Rygel, is a trailblazer in the field of investment management. Since her firm’s creation 25 years ago, she has overseen its international expansion and its growth to more than $50 billion in assets under management. Payden & Rygel was named “U.S. Bond Manager of the Year” based on its investment excellence in 2003 by Global Investor Magazine. In 1992, Payden’s firm created Payden & Rygel Investment Group, a family of mutual funds, of which she is chairman and chief executive officer. Subsequently many of these strategies were duplicated in offshore 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. Payden is also a member of the Payden & Rygel Investment Policy Committee and serves as chairman of the board. Prior to founding Payden & Rygel, Payden was managing director of West Coast operations for Scudder, Stevens & Clark, where she rose through the ranks to become the first woman partner of the firm. She currently serves on the Board of Visitors of UCLA Anderson School of Management and is a trustee of the University of Southern California and Loyola Marymount University. Payden is also a member of the board of directors of the John Tracy Clinic, the California Chamber of Commerce, the Amateur Athletic Association and the Natural History Museum of Los Angeles. She is past chairman of the Investment Counsel Association of America. Payden, who holds the Chartered Financial Analyst (CFA) designation, is a graduate of the Advanced Management Program at Harvard Business School. She earned a bachelor’s degree in mathematics and physics from Trinity College (Washington, D.C.), which last year bestowed upon her an honorary doctor of letters degree.