Byers Fills Position Left Open Since May

The Dreyfus Corporation has finally replaced its chief investment officer, naming Stephen Byers to the position effective immediately, the company announced today.

The company was without a chief investment officer after Stephen Canter was promoted to CEO in May. Canter replaced Christopher Condron, who served as CEO to both Dreyfus and Mellon Financial, Dreyfus' parent. Condron left Mellon to become president and CEO of AXA Financial.

Byers joined Dreyfus in January 2000 as director of investments. Before going to Dreyfus, he was executive VP of capital markets and treasurer of Gruntal & Co., an investment firm in New York. Prior to that, he served as managing director of Mitchell Hutchins Asset Management.

'Over the past year and a half, Steve Byers has helped us significantly expand our proprietary research capabilities both in equities and fixed income,' Canter said. 'We have added 10 senior professionals to an already deep team of analysts and portfolio managers, a group Steve will continue to cultivate in his current role.'

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