HONG KONG, 16 September 2013 — BNY Mellon, the global leader in investment management and investment services, has appointed Alex Buerge as Head of Investments and Managing Director for its new separately managed accounts (SMA) business*, which is expected to launch by the end of the year. The business will be the first of its kind in Asia. 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.

Buerge will report to AJ Harper, President and Chief Executive Officer for BNY Mellon’s Asia-Pacific managed accounts business, and will be based in Hong Kong. In this new role, and subject to the regulatory approval of his licence with the Securities and Futures Commission, Buerge will be responsible for the continued design and development of the new SMA platform and its investment offerings as well as setting product strategy as the company expands over the next few years.

Buerge joins BNY Mellon from Credit Suisse where he most recently was Global Head of International Locations for the company’s Multi-Asset Class Solutions business in Switzerland. During his 23-year tenure at Credit Suisse, Buerge has worked in a number of locations including Singapore, where he was Head of Asia-Pacific/Middle East for discretionary mandates and portfolio management.

“We believe our new SMA capabilities will be a real game-changer in the region,” observes BNY Mellon’s Harper. “Our platform will be the first open architecture offering in Asia-Pacific that provides multi-currency options for separately managed accounts at an entry level of less than US$1 million per portfolio. By participating, wealth managers will be able to offer customized investment solutions to their clients.”

Harper adds: “Our goal is to partner with wealth managers and provide them with the platform, investment menus and tools they will need to offer a range of investment portfolios to their clients. To identify and manage these partnerships, we are building a team of sales, investment and product professionals who share our culture of innovative thinking and focus on the bespoke needs of Asian investors. We are thrilled to welcome Alex to our team and to be part of our exciting journey as we gear up for the launch.”

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management as at 30 June 2013. 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 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 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 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 (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

*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. 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)