AIM Global elects to utilise TA capability to expand distribution in Asia

LONDON, August 13, 2007 — BNY Mellon Asset Servicing, the global leader in asset servicing, continues to expand its global fund services offering with a dedicated transfer agency ("TA") facility in Singapore to support the bank's clients in distributing their investment fund products in the region. The "TA Asian Hub" has been established to take maximum advantage of fund distribution processing across multiple regions and time-zones.

AIM Global, a division of INVESCO Asset Management Limited, is utilising this TA capability to market its US$ money market fund to investors in a number of countries in Asia, including Hong Kong and Singapore. This service allows investors in AIM Global's Dublin-domiciled fund to receive US$ payments for good value during the working day in the investor's home market, taking into account local time differences.

Marc Doman, Managing Director, AIM Global, said: "Having a local TA operating platform significantly improves the attraction of our Dublin-based money market fund to Asian investors. It enables us to provide real-time fund trading and client services during the Asian day as well as ensuring same day US$ redemption payments in locally held accounts".

Andrew Bell, Executive Vice President and Head of Global Operations at BNY Mellon Asset Servicing, said: "Developing this TA Asian Hub in Singapore significantly enhances our capabilities in the Asian fund administration market. It also illustrates our commitment to devising and developing solutions to meet the needs of our clients to support them in growing their global fund distribution business."

The bank's dedicated Asian Hub offers in-region client service, TA administration support and technology, providing a single platform solution to our clients and their investors throughout markets in Europe and Asia.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at www.bnymellon.com.