BNY Mellon investment boutique appoints Jeremy Wells as senior client director in Charities Business

LONDON – 10 July 2012 — Newton*, part of BNY Mellon Investment Management, announced that Jeremy Wells will be joining the company as a senior client director in its Charities Business in September 2012.

Based in London and reporting to Andrew Pitt, Head of Charities, Wells will take responsibility for looking after a number of Newton's larger charity clients.

Wells is an experienced investment management professional. Having started his career with Scottish Amicable Investment Management in 1988, he went on to work in fund management roles with PDFM from 1994-1996, Gartmore from 1996-98 and JP Morgan Asset Management from 1998. Until recently Wells headed up the Charity Investment Team at J.P. Morgan Asset Management in London, as well as being the lead fund manager for their flagship UK Equity Fund for Charities. Wells is also an associate member of the UK Society of Investment Professionals, and achieved an MA in Modern History at Oxford University.

Managing £4.3bn of assets for over 300 UK charities, Newton is recognised in the UK as being one of the largest managers of charity assets¹. Newton's Charities Business team has extensive experience in managing portfolios for charities and other specialist institutions. All investment mandates are managed in line with Newton's distinct global thematic investment process, which harnesses Newton's substantial in-house research. With many members of the Charities Business team themselves being charity trustees, Newton is highly aware of the increasing demands placed upon charities and offers a comprehensive trustee education programme.

Andrew Pitt, Head of Charities at Newton, comments: "We are delighted that Jeremy has agreed to join our Charities Business team. Over the last year we have enhanced this team considerably with a number of exciting new hires. With Jeremy's wealth of experience in managing charity client mandates, we believe that our team is well placed as we focus on growing our charities business."

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Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon. With assets under management of more than £45.9 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk or follow us on Twitter @NewtonIM.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.