July 31, 2012

Mellon Capital Names Sinead Colton Global Investment Strategist

BNY Mellon Investment Manager Sees Growing Demand in Multi-Asset Strategies

NEW YORK and LONDON, July 31, 2012 — Mellon Capital Management Corporation, the San Francisco-based global multi-asset manager for BNY Mellon, has hired Sinead Colton as global investment strategist.

Colton will work with Mellon Capital's global distribution and client services staff to develop customized investment strategies spanning a range of asset classes. She reports to Jeff Zhang, CFA, executive vice president and chief investment officer for Mellon Capital.

"We see a growing demand from institutions for outcome-driven investing that spans asset classes and for investment managers with consultative skills," said Zhang. "We believe that Sinead's experience working closely with clients will be valuable as we continue seeking to design innovative multi-asset strategies to help navigate the current volatile, low-interest environment."

Colton had been a managing director for BlackRock Multi-Asset Client Solutions, where she helped develop multi-asset strategies for clients in Europe. She also has worked for Lee Overlay Partners Limited, JP Morgan Investment Management and Chase Manhattan Bank NA. She received her bachelor's degree from Dublin City University and her master's degree from London Business School.

Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation applies a disciplined and analytical approach to global investment management strategies. As of June 30, 2012, the firm had $240.4 billion in assets under management, including assets managed by dual officers of Mellon Capital Management Corporation, The Bank of New York Mellon and The Dreyfus Corporation, and $8.3 billion in overlay strategies. Additional information about Mellon Capital is available at www.mcm.com. It is part of BNY Mellon Asset Management, one of the world's largest asset managers.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 trillion in assets under management. 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 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 $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 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. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

All information source BNY Mellon and Mellon Capital at June 30, 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 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 Services Authority. A BNY Mellon Company