BNY Mellon Asset Management Expands Dutch Footprint

BOSTON and LONDON, October 12, 2010 — Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon Asset Management, has been appointed to manage a euro 230m European fixed income mandate by Achmea Beleggingsfondsen Beheer B.V. Achmea Beleggingsfondsen Beheer B.V. is a part of one of the largest Dutch insurance companies.

Achmea distributes a fixed income unit trust to clients in the Netherlands as part of its product offering. Until recently, the management of this unit trust had been contracted to one investment manager. Achmea has taken the decision to appoint two additional managers, resulting in a portion of the unit trust being managed by three different investment managers.

Standish is the only appointed manager based outside of the Netherlands, and is a wholly owned subsidiary of BNY Mellon. The mandate will be managed by Standish's dedicated Euro Fixed Income team under the leadership of David Leduc, Managing Director of Global Fixed Income.

"We are delighted to have been appointed by Achmea to manage this mandate. Our performance and range of investment strategies are compelling to institutions across Europe, as institutions increasingly see their value as a diversifier and potential return enhancer relative to their domestic bond portfolios," said Desmond Mac Intyre, president and chief executive officer of Standish. "Fast-growing economies are likely to offer opportunities to investors in both sovereign and corporate debt securities and we believe Standish is ideally placed to identify and capture these opportunities for our clients."

Standish is a specialist active fixed income manager investing in all global fixed income markets and across the full credit spectrum. The company is widely regarded as one of the world's premier fixed income managers, and has established a track record of managing portfolios in the European Fixed Income market over the last several decades on behalf of a wide range of global clients.

"Winning this mandate is a major achievement for our company as we focus on supporting a broader client base in European markets," added Mitchell Harris, interim head of BNY Mellon Asset Management. "We look forward to assisting our clients as they seize new opportunities and manage risk in the global markets."

Standish Mellon Asset Management Company LLC, with $71 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in Insurance and Global Workout Solutions. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 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 $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

All information source BNY Mellon Asset Management as at 30/06/10. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International Limited: BNY 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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