BNY Mellon Fixed Income Manager Sees Broader Opportunities

LONDON & NEW YORK, September 27, 2011 — Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon Asset Management, has named Rosa E. Velasquez to the new position of analyst of emerging market corporate debt.

Velasquez, who is based in Boston, reports to Dr. Alexander Kozhemiakin, managing director and the head of the emerging markets team.

"Rosa Velasquez will play a key role as we continue to grow our emerging market investment strategies," said Kozhemiakin. "Rosa has considerable experience in corporate emerging market debt. We are beginning to add corporate debt to our dollar-denominated emerging market bond portfolios and to our total emerging market strategy, which also includes equities and sovereign/quasi-sovereign debt in dollars as well as various local currencies."

Assets under management for Standish's emerging market debt strategies are more than $11 billion in dedicated portfolios. The dedicated emerging markets team has grown from its base in Boston to leverage research capabilities with investment professionals at overseas affiliates in London and Singapore.

"Standish has a history of organically expanding its research effort to explore less efficient and developing assets classes," said David Leduc, chief investment officer of Standish. "Expanding our capabilities in corporate emerging market debt should create opportunities for dedicated emerging market portfolios as well as U.S. and global multi-sector strategies."

Velasquez had been vice president and Latin America credit strategist in the emerging markets fixed income research group for Morgan Stanley and also had worked in the fixed income groups of Columbia Management Group and Barclays Capital. She was awarded a bachelor's degree by the University of Pennsylvania and an MBA by The Wharton School of the University of Pennsylvania.

Standish Mellon Asset Management Company LLC, with more than $80 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 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 Asset Management (UK) Limited ("AMUK") is an affiliate of Standish Mellon Asset Management Company LLC ("Standish"), located in London, which provides investment management services to qualified non US clients. Certain employees of AMUK may act in the capacity as shared employees of Standish and in such capacity may provide portfolio management support and trading services to certain Standish managed accounts.

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, 2011. 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)