Industry Veteran Named CIO at BNY Mellon Asset Management Boutique

BOSTON and LONDON, October 13, 2010 — Standish Mellon Asset Management Company LLC, the award-winning fixed income specialist for BNY Mellon Asset Management, has announced the appointment of David Leduc as Chief Investment Officer of Active Fixed Income.

"We are pleased to announce David's appointment as chief investment officer for our active fixed income portfolios," said Desmond Mac Intyre, president and chief executive officer of Standish. "As our business expands globally, David's experience in the US and international markets will help position us for future growth."

Leduc has 23 years of investment experience, and has been working at Standish since 1995, most recently as Managing Director of Global Fixed Income and Senior Portfolio Manager responsible for overseeing the management of all non-US and global bond strategies. He joined Standish as a portfolio manager and analyst for US domestic fixed income, moving from structured finance to global strategies in 1999. He was previously an Investment Officer at State Street Bank & Trust Company, and has a MBA from Boston University and a BS from the University of Rhode Island. Leduc holds the CFA designation. Kent Wosepka, previously Chief Investment Officer, Active Fixed Income, at Standish, is leaving the organization to pursue other interests.

"Our clients are looking for stability and continuity of returns across market cycles," added David Leduc. "We have a strong team-based investment process build around single sector teams headed by experienced investment professionals. Our focus is on continuing to provide the investment results our clients expect."

Headquartered in Boston, Massachusetts, 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 US and Global Fixed Income market over the last several decades on behalf of a wide range of global clients. The company currently offers a wide range of credit-based and specialty bond strategies, including structured product workout solutions, for US and global pension funds, sovereign wealth funds, endowments, foundations, insurance companies, and other institutions. Standish emphasizes fundamental research and quantitative models in attempt to outperform agreed-upon client benchmarks. This combination permits highly customized client solutions and also requires both strong risk controls and a high level of dedicated client service.

BNY Mellon ranks among the top 10 asset management firms in the U.S. and globally with $1 trillion in assets under management.  BNY Mellon Asset Management is the umbrella organization for The Bank of New York Mellon's affiliated investment management firms and global distribution companies.

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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