Christopher Sheldon to provide investment oversight over mutual fund portfolio

NEW YORK, August 31, 2011 — BNY Mellon Asset Management has announced the appointment of Christopher Sheldon as chief investment officer of The Dreyfus Corporation. Sheldon succeeds Phil Maisano, who retired earlier this year.

Sheldon joins Dreyfus from BNY Mellon Wealth Management, where he was director of investment strategy and president of the BNY Mellon Funds. He joined BNY Mellon in 1995 and has more than 20 years of industry experience as a portfolio manager and investment strategist. Sheldon was previously managing director of BNY Mellon Wealth Management's group on the West Coast, and is a national speaker on issues of investment strategy, the financial markets and the economy, and a frequent guest on Bloomberg and CNBC. He is a CFA charter holder and a member of the Boston Security Analysts Society.

"Our chief investment officer is a key member of the leadership team at Dreyfus, and I am pleased to welcome Chris into this role," said Jon Baum, chief executive officer of Dreyfus.  "His knowledge and strategic insights, exceptional judgment and strong communications skills will be great assets to us as we continue to become an even greater force in the mutual fund industry."  

Chris Sheldon will spend the next several months transitioning into the role, officially taking over on November 1.

The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies, currently managing approximately $400 billion in mutual funds and separately managed accounts.

BNY Mellon Asset Management is one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found 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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 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 and through Twitter @bnymellon.

All information source BNY Mellon Asset Management at June 30, 2010. This press release is qualified for issuance in the US only 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 authorized. This press release is issued by BNY Mellon Asset Management 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. A BNY Mellon Company(SM)