Newly Created Position Underscores Company's Commitment and Ambition to Become One of the Premier Investment Firms in Asia-Pacific

NEW YORK and HONG KONG, August 9, 2012 — BNY Mellon, the world leader in investment management and investment services, has today named Paul Schulte to the newly created position of Head of Investment Strategy, Asia-Pacific (APAC), where he will be responsible for researching investment trends, market activity and economics in APAC.

Based in Hong Kong, Schulte will report into both Alan Harden, chief executive officer for BNY Mellon's Asia-Pacific investment management business and Jack Malvey, Chief Global Market Strategist for investment management, located in New York. 

Schulte will focus on developing an APAC investment and market knowledge platform that will help capture and communicate the APAC investment opinion and analysis from across the firm's investment management boutiques, and support the firm's global thinking.  He joins BNY Mellon's APAC Investment Management Executive Committee and BNY Mellon's APAC Operating Committee.

"Paul joins our team at an exciting point in our evolution from an APAC distributor, to a regional product innovator and global preferred provider of Asian investment strategies," observed BNY Mellon's Harden. "Having a rigorous investment strategy and research approach is vital in supporting our managers in making active and informed investment decisions. We will look to Paul to interpret macro trends throughout this fast-growing region, and to participate in the development of top-performing investment strategies and products for Asian investors." 

Schulte's career in equity research spans 25 years on both the buy and sell sides covering the Asian and emerging markets. He frequently has been ranked in top-five positions in Euromoney, Asiamoney and Institutional Investor polls and surveys since 1991. In Institutional Investor's 2010 poll, he received top rankings in All-Asia Banks Team, Asia Equity Strategy Team and Asia Economics Team. He also has experience in the military, public policy and academia.

Schulte was most recently Global Head of Financial Strategy at China Construction Bank International Securities. He was one of the first westerners to be hired by a Chinese bank for research. He created the Greater China research platform which included Equity and Fixed Income Strategy products. He marketed to sovereign wealth funds, hedge funds and long only institutions and spent much time with Chinese regulators.  

From 2007 to 2010, he was Managing Director and Head of Multi-Strategy and Asia Banks' Research for Lehman Brothers and then at Nomura International. He created a highly ranked research product line which integrated equity, credit and currency research.  He was one of the first at Lehman Brothers in Asia to lead the integration of fixed income and equity research.

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 $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 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.

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