January 31, 2013

Coutts Selects BNY Mellon as Fund Administrator for New Irish-domiciled Funds Range

LONDON, January 31, 2013 — BNY Mellon, the global leader in investment management and investment services, has been selected as fund administrator for Coutts’ new Irish-domiciled UCITS funds range, Coutts multi asset funds.

BNY Mellon will provide a full suite of services to the Irish fund range including derivative execution, KIID production, daily performance reporting and share class hedging.

The multi-asset fund range will benefit from Coutts’ in-house expertise in asset allocation under a unitised structure, with strategies carefully managed across a number of risk profiles.

“This range of funds plays a vital role in the evolution of our wealth management capabilities and provides a transparent, cost-effective, RDR-compliant investment solution. We sought an industry leader that truly understands our business and can provide bespoke solutions which meet our needs.” said Leslie Gent, Managing Director - Investment Office at Coutts.

“Regulatory change poses both opportunities and challenges in equal measure for the European funds industry in 2013,” commented Daron Pearce, EMEA Head of Global Financial Institutions, Asset Servicing at BNY Mellon. “Complying with AIFMD and the new UCITS rules changes will be a complex and multi-faceted task for managers, large and small. All of which is likely to involve a great deal of time and expense to execute for those who carry out their middle and back office functions in-house.”

Pearce added: “As a service provider, we believe we are intrinsic to asset managers in helping them to developing products to meet the opportunities of the new market environment. We look forward to strengthening our partnership with the team at Coutts as they develop their client offering and distribution strategy.”

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

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 December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. Whether clients are looking to create trade, hold, manage, service, distribute or restructure investments, BNY Mellon can act as a single point of contact for their investment needs. 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.

Coutts is the wealth division of Royal Bank of Scotland Group. Coutts serves clients from over 40 offices across the world offering tailored wealth management, banking, trust and tax services. Coutts has offices in key international financial centres in Zurich, Geneva, Hong Kong, Singapore and Dubai. The division includes Adam & Company providing private banking services from its base in Edinburgh and RBS International based in the Channel Islands which provides offshore banking.

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon unless otherwise stated as at September 30, 2012. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818 Branch office: One Canada Square, London E14 5AL. Authorised and regulated in the UK by the Financial Services Authority.