LONDON, May 11, 2010   —  Pershing Limited, a BNY Mellon company, announced today that it has further enhanced its Nexus Funds solution with the addition of 11 mutual fund providers. The additions of F&C Fund Management, First State Investments (UK), Ignis Asset Management, Jupiter Unit Trust Managers and Lazard Asset Management, as well as other recent additions, bring the total number of fund providers to 38 and the total number of funds available to 1169.

Nexus Funds is a straight-through processing, no-transaction-fee mutual fund solution which simplifies trading and investing for Pershing clients and their investors. Dealing, settlement and custody fees on new assets are waived for eligible deals that utilise the solution. For funds traded through the Nexus Funds solution, Pershing offers guaranteed contractual settlement and consolidated trailer fee payments as well as a single access point to global funds, reducing time delays, potential for errors, and the overall cost of fund dealing.

Lloyd Williamson, Managing Director of Product Management and Client Technology Solutions at Pershing Limited, said, "Pershing is fully committed to offering our clients access to a full suite of investment and technology solutions. We continue to enhance Nexus Funds and the investment opportunities and efficiencies it offers to our clients to help their investors reach their financial goals."

The Nexus Funds solution is fully integrated with Pershing's proprietary technology platform, Nexus, which provides Pershing's clients with a range of technology and investment solutions to support their front to back office business requirements.

Charles van der Merwe, Chief Executive Officer of Pershing Limited said:  "Through Nexus Funds, and with our ongoing enhancements to our Nexus technology platform, Pershing clients have access to integrated execution and custody solutions that provide investment opportunities in multiple asset classes, including equities, Exchange Traded Funds (EFTs), fixed income, foreign exchange, and whole-of-market funds.  Our clients' investors benefit from the consolidation of assets across multiple portfolios, access to tax and pension wrappers, and a suite of portfolio valuation and tax reports.  We are committed to continually strengthening our solutions as the markets evolve to provide our clients with the opportunity to focus on better serving their investors and growing their businesses.

Pershing Limited provides broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across Europe with a comprehensive range of products, services, and solutions including retail clearing, fully disclosed institutional global clearing, broker services, and trading services.  Established in London in 1987, Pershing Limited and its subsidiary, Pershing Securities Limited, are members of the London Stock Exchange and Euroclear UK & Ireland.  Pershing Limited has memberships with LCH.Clearnet EquityClear and SWX Europe.  Pershing Securities Limited is a member of Deutsche Borse, Eurex Clearing, and Clearstream.  Pershing Limited is an affiliate of Pershing LLC, a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organisations and independent investment advisers who collectively represent over five million active investors. Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major U.S. securities exchange, and a subsidiary of The Bank of New York Mellon Corporation.  Additional information is available at www.pershing.co.uk.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon 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. BNY Mellon 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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.