Adapting to meet clients' needs post introduction of RDR

LONDON, 20 August 2012 - BNY Mellon, the global leader in investment management and investment servicing, announced the appointment of the following within its UK Investment Management Wholesale Distribution Team.

Adrian Gough will join the discretionary team in September 2012. Gough has over twenty years of private client investment experience. Prior to Joining BNY Mellon, Gough was head of investment management at RSM Tenon, where he was responsible for over £3bn of client assets. Gough built out the investment proposition and chaired the Asset Allocation and Fund Governance Committees.

Russell Bignall will join in September as head of national network and bank distribution. Bignall joins BNY Mellon after 10 successful years with Standard Life Group. His roles have included heading the UK distribution team responsible for the Bank & Wealth Manager segments and Specialist Investment sales. Most recently Russell held responsibility for developing strategic relationships with the major intermediary distributor groups to deliver value chain opportunities for investment, product and technology sales.

Anita Rennie will join the company in September as head of the advisory telephone sales team. Rennie joins from Schroders where she worked for 12 years as a business analyst/project manager for Sales & Marketing in London and Asia before moving into the Sales team, to cover London and South West Advisory channels.

All three will report to Scott Goodsir, managing director, head of UK wholesale.

Scott Goodsir comments: “We have carefully considered how the introduction of Retail Distribution Review (RDR) will impact our industry and company and what the landscape of the advisory and discretionary market will look like over the coming years. We believe it is very clear that advisers will need more support from the major distributors. In order to meet the future needs of our clients we have decided to invest in talented and experienced individuals to operate in the key growth distribution channels we believe will see increased demand from clients. Anita, Russell and Adrian all have excellent skills and we are delighted that they are joining us.”

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.