Joins as Managing Director of Relationship Management and Business Development

LONDON, 22 March 2011 — Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, has extended its footprint in the UK and Ireland with the appointment of Mark Bewick as Managing Director of Relationship Management and Business Development.

Reporting to Mark Dwyer, Managing Director and Head of EMEA for Mellon Transition Management, Bewick's role will be to aid understanding among pension trustees in the UK and Ireland of the real cost of moving assets and managing the risk of a transition. He will also be charged with helping clients select the most appropriate and efficient of MTM's beta management strategies and cost effective investment solutions. These are designed to ensure asset allocation is adjusted as efficiently as possible and enable schemes to ultimately bring actual market exposure closer to the trustees' investment decisions.

Commenting on the appointment, Mark Dwyer said: "In order to build on our service proposition to clients, we recognised the need for a specialist who not only understood the requirements of the UK pension fund market, including regulation and the reporting cycle, but was also able to offer clarity and peace of mind to pension trustees looking to make adjustments to their investment portfolios. Mark's experience in building proactive consultative relationships with pension fund clients means he is well placed to meet both these requirements. Having worked very closely with Mark in the past, I am confident this appointment is a natural progression into the asset management arena."

Bewick has more than 26 years experience working in financial services, including 13 working for HSBC and the latter 13 years being devoted to the UK and Irish pension fund market through his various sales and relationship management roles at RBS Trust Bank and BNY Mellon Asset Servicing. He concluded his time with BNY Mellon Asset Servicing as Head of UK and Ireland Pension Fund Relationship Management.

His role in Asset Servicing also saw him hosting the BNY Mellon Annual Pension Summit and chairing his UK and Irish Pension Client Advisory Board. Through his numerous activities, Bewick has become synonymous with the proactive consultative provision of asset servicing to pension schemes and continues his work as a member of the National Association of Pension Funds Markets Committee.

BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.

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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 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 at December 31, 2010. 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. A BNY Mellon Company(SM)