Payden & Rygel announced Wednesday with a WSJ tombstone advertisement that it has opened its first office on the East Coast, selecting Boston’s Financial District.

Heading the office is Justin Bullion, a 20-year veteran of the financial services industry, the past dozen years at Wellington Management. Before that, Bullion was with Miller Anderson & Sherred LLP and BlackRock Financial Management.

“The opening of our Boston office and Justin’s hiring are exciting developments for our firm and mark a natural expansion for us,” said Joan Payden, founder and CEO of Payden & Rygel. “We have been consistently growing our client base on the East Coast and overseas. A presence in Boston will allow us to better serve our clients. We are very fortunate to have Justin leading our effort, given his experience in investments and providing advice to clients and their consultants.”

Payden offers a wide array of fixed income and equity mutual funds, separate accounts and UCITS 3 in the U.S. and abroad. In Europe, the firm has a partnership with Germany’s oldest bank, Metzler Bank.

Commenting on his new role, Bullion said: “The culture and independence of Payden & Rygel are unique in this industry. I’m excited and fortunate to be a part of it. Our offerings stand out. We have a great opportunity to continue to grow our global expansion.

“Our Boston team looks forward to hosting as well as visiting our clients, and plans to be a conduit between our very successful London office and our Los Angeles headquarters,” he added.

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