Paul Feeney to join on 14 April

LONDON, 11 April 2008 — BNY Mellon Asset Management has announced the appointment of Paul Feeney as Head of Distribution. He joins on 14 April and will report to Alan Mearns, chief executive officer of BNY Mellon Asset Management International Limited.

At BNY Mellon Asset Management Feeney will be responsible for wholesale sales and client service covering the UK, Continental Europe and Latin America and, in addition, will be responsible for the group's core marketing functions. Feeney will assume responsibility for leading the distribution and development of the BNY Mellon Asset Management onshore and offshore fund ranges, which include alternatives and hedge fund strategies. He will also lead the development of a broader distribution footprint for the asset management business into new Central and Southern European countries.

Feeney joins the business from Gartmore, where he was Head of Distribution and responsible for all sales, marketing, product development and multi-manager divisions of Gartmore globally. He was a main board Director and played a key role in the MBO in early 2006.

Commenting on the appointment, Alan Mearns said: "I am pleased to welcome Paul to our international management team. His industry experience and background will help us continue the growth of our asset management businesses in Europe."

Paul Feeney said: "BNY Mellon Asset Management's unique multi-boutique model offers wholesale and institutional investors a range of world class alpha strategies. In joining this company I see huge potential for growth and continuing the success that the group has experienced up to now."

Feeney's extensive background in business development covers positions at RBS, where he was Chief Executive of RBS Group's branded private banks, and Coutts, where he spent three years as Group Marketing and Sales Director. He began his career at Natwest, where he rose to the position of Chief Executive and President of Natwest Investments USA. He holds both a degree in Finance and Banking and a Ph.D in Financial Economics from the University of North Wales.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 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, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.

All other information source BNY Mellon Asset Management International Limited as at 31 December 2007 unless otherwise stated. This press release is issued by BNY Mellon Asset Management International Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Not available or offered to U.S. investors. Past Performance is not a guide to future performance. Registered office: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority.
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