Industry Leader Will Focus on Solutions, and Provide Performance Oversight and Analysis

LONDON and NEW YORK, January 9, 2012 — BNY Mellon Investment Management has named Cynthia Steer as Head of Manager Research & Investment Solutions. Reporting to Curtis Arledge, chief executive officer of BNY Mellon Investment Management, and Mitchell Harris, president, she succeeds Phil Maisano, who retired earlier this year.

Steer joins BNY Mellon from Russell Investments, where she was managing director for investment strategy and consulting.  She was responsible for working with clients on investment policy decisions, development of liquidity strategies, and asset allocation, including to emerging and frontier markets.  Before joining Russell, she was chief research strategist at Rogerscasey and oversaw global investment management and capital markets research, emerging and frontier markets research, and fixed income research. Her experience also includes managing the assets of a broad spectrum of major public and corporate pension plans, including those of several Fortune 500 companies, investments for high-net-worth individuals and families, and public and private endowment funds.

In her new role, Steer will have responsibility for performance oversight, due diligence and analysis of investment performance across BNY Mellon Investment Management. She will also be the senior investment advisor to the executive management of BNY Mellon Investment Management.  Steer will focus on measuring and analyzing the firm's investment strategies and on its overall solutions effort.  In addition, she will provide ongoing thought leadership on global investment strategy.

"Cynthia's skills as a consultant, investor and manager will be critical as we strive to deliver the optimal investment solutions for our clients around the world," said Arledge.  "BNY Mellon has always aimed to deliver the best possible investment performance, and Cynthia's focus on measuring and analyzing this performance, and her demonstrated track record in strategic leadership, will help us further refine the way we manage assets."

Steer received her bachelor's degree from Smith College and her M.B.A. in Finance from The Wharton School at the University of Pennsylvania.  Among other honors, she was named the 2010 distinguished investment professional of the year by Women Investment Professionals.  She has written and lectured widely on strategic investment matters.

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 $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 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 on www.bnymellon.com or follow us on Twitter @BNYMellon.