Company Press Release

LONDON and NEW YORK, April 24, 2012 /PRNewswire via COMTEX/ -- BNY Mellon, the global leader in investment management and investment services, has named PeterPaul Pardi global head of distribution for its Investment Management business.

Pardi has more than 20 years of client and business development experience, primarily in financial services and asset management. Most recently, he was executive director, global head of institutional investment placement, for Arcapita, a global private equity firm. Previously, he worked for PIMCO, Lehman Brothers Investment Management and Barclays Global Investors.

In this new role he will be responsible for creating and implementing the strategies for the organization's distribution, marketing and client service functions. Pardi will be based in London reporting to both Curtis Arledge, chief executive officer of BNY Mellon Investment Management, and Mitchell Harris, president of BNY Mellon Investment Management.

"BNY Mellon Investment Management must excel in the key areas of client service and distribution to succeed as a world-class investment firm," said Arledge. "PeterPaul's deep client relationships and understanding of their needs, strong international background, strategic business development skills and financial services experience will significantly help us in achieving continued success."

"PeterPaul Pardi has an established track record of creating successful business strategies, managing cross-border sales teams and participating in product design and development," said Harris. "Most importantly, he has focused on building businesses across both traditional and alternative asset classes, and working with institutional, sovereign wealth and mutual fund clients. He will be an important member of our leadership team and will actively participate in setting the strategic direction of the investment management business."

Pardi received his bachelor's degree from Tufts University, his MBA from the American Graduate School of International Management, and his MSc from the University of Southern California.

Notes to Editors:

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 $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 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 BK +1.98% . Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

All information source BNY Mellon Asset Management at March 31, 2012. 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 authorised. This press release is issued by BNY Mellon Asset 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. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company(SM)

SOURCE BNY Mellon

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