HONG KONG, July 2, 2013 — BNY Mellon, the global leader in investment management and investment services, has received licence approval from the Securities and Futures Commission (SFC) for its new dedicated Hong Kong-based subsidiary* to establish a separately managed accounts business. The new subsidiary will introduce a separately managed accounts platform, which will be the first of its kind in Asia, and is expected to be launched later this year. It is being specifically designed with Asian investors in mind and will be offered to a select group of private banks and other leading wealth management providers to enable them to better serve their high-net-worth individual clients.

"Separately managed accounts are a very effective way for professional wealth managers to deliver fully transparent, customized portfolios to their clients," notes AJ Harper, President and Chief Executive Officer of the new Hong Kong managed accounts subsidiary for BNY Mellon. "They provide individual investors access to investment portfolios which have previously been beyond their reach, and traditionally only available to institutional investors at high minimum thresh-holds."

Harper continues: "What will make our platform so unique to Asia-Pacific is that it will be the first open architecture offering that provides multi-manager and multi-currency portfolios at an entry level of less than US$1 million per portfolio. By participating in our new platform, wealth managers will be able to offer customized investment solutions to their clients."

"We are making significant investments in Asia-Pacific to meet needs of individual and institutional investors in the region," adds Steve Lackey, Asia-Pacific Chairman, BNY Mellon. "The introduction of our new managed accounts business is a prime example of this long term commitment and how we are drawing from our global investment management and investment services expertise to deliver innovative solutions, specifically designed with the Asian investor in mind."

Lackey continues: "We believe the growing wealth in the region has created a real need for this type of platform. We have a long and proven track record providing managed accounts services in the United States, and we are thrilled to be able to say we are truly bringing a differentiated and exciting offering to Asia-Pacific by leveraging our managed accounts expertise at Pershing and other key areas across the firm."

About separately managed accounts
Separately managed accounts can play an important role in an investor's strategy because of the special benefits they offer, albeit at higher investment minimums. These customizable investment vehicles are designed to help investors reach individual and specific financial goals by combining the benefits of professional money management with the added flexibility, control, and transparency of owning individual securities. A separately managed account is a portfolio of securities directly owned by the investor and managed according to a specific discipline and/or style by a professional investment manager. Account owners have the ability to customize their accounts by excluding certain securities or industries.

About BNY Mellon
BNY Mellon (NYSE: BK) 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 US$26.3 trillion in assets under custody and/or administration, and US$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 http://www.bnymellon.com/, or follow us on Twitter @BNYMellon

About Pershing
Pershing is one of the leading providers of managed accounts in the US with over US$310 billion in assets under administration, servicing more than one million accounts as of 31 March 2013. The new BNY Mellon Hong Kong-based subsidiary will leverage Pershing's managed accounts expertise when it launches later this year.

Pershing and its affiliates provide global financial business solutions to over 1,600 financial organizations, broker-dealers, registered investment advisory firms, advisors, fund managers and asset managers who represent over 5.6 million active accounts. Located in 23 offices worldwide, Pershing delivers dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Borse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing

*BNY Mellon Pershing Managed Investments Hong Kong Limited. This press release is qualified for issuance in Hong Kong 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 authorised. This press release is issued by BNY Mellon Pershing Managed Investments Hong Kong Limited 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. Principal place of business of BNY Mellon Pershing Managed Investments Hong Kong Limited: Level 18, Three Pacific Place, 1 Queen's Road East, Hong Kong. Licensed and regulated by the Securities and Futures Commission. A BNY Mellon Company^SM