BNY Mellon boutique hires Khuram Sharih

LONDON and NEW YORK, 21 May 2013 — Newton, part of BNY Mellon Investment Management, has announced the appointment of Khuram Sharih to its Global Fixed Income team as a high yield analyst. In the newly created role, Sharih will work alongside Sebastien Poulin, who joined the team in February 2012.

Sharih joins from Cairn Capital Limited where he was a Senior Credit Analyst working with portfolio managers to devise investment strategies for long biased UCITS funds, high yield credit funds and CLOs. Prior to joining Cairn Capital in 2007, he worked at Habib Bank where he was a vice president in the Investment Banking and Advisory team based in Pakistan. He has also held analyst roles at Denali Capital LLC and J.P. Morgan.

Sharih will be responsible for analysing global high yield investment opportunities aligned to Newton's thematic investment process. He will report to Parmeshwar Chadha, who is the lead manager for over £1 billion of assets under management in high yield bond positions.

Paul Brain, Newton's global fixed income investment leader, comments, "As we continue to strengthen our Global High Yield team, we remain committed to delivering expert analysis across the asset class to ensure our clients receive the very best in service. Client interest in Newton's absolute return products continues to increase and high yield bond assets remain a vital component in our portfolios. Khuram brings a wealth of experience to an already strong team and we are confident that his expertise will complement the existing team well."

Newton's 11-strong Global Fixed Income team manages £7.2bn in assets under management and in excess of £1.5bn High Yield assets under management on behalf of a global client base. In order to service the clients effectively, mandates are split into four categories: global diversification, absolute return, income and responsible investment. The focused team of investment professionals is highly nimble in its active approach to fixed income investing, working in conjunction with Newton's wider investment teams to ensure that fixed income investing fully incorporates Newton's global thematic process.

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 £55.2 billion (as at 31 March 2013) 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 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 is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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.

All information source BNY Mellon as of March 31, 2013. 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 authorized. This press release is issued by BNY Mellon Investment 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. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. Newton Investment Management Limited is authorised and regulated by the Financial Conduct Authority. Newton Investment Management Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1371973. BNY Mellon Asset Management International Limited, and Newton are ultimately owned by The Bank of New York Mellon Corporation.