Agreeing a three year sponsorship of Royal Academy Schools
London and New York, 14 April 2011 — Newton* has announced that Newton Investment Management Limited, part of BNY Mellon Asset Management, has agreed a new three year sponsorship with the Royal Academy of Arts in London, England, to sponsor the Royal Academy Schools ('The RA Schools').
The RA Schools, which have been an integral part of the Royal Academy of Arts since their foundation in 1768, are highly regarded throughout the world as a centre of excellence with a strong sense of identity, tradition and community. As Newton believes that the arts are a vital part of our social fabric and is keen to support an initiative that challenges and inspires talented artistic people of all ages and backgrounds, the Company has committed to a three year sponsorship, which is the duration that the students attend The Schools.
Helena Morrissey, chief executive officer of Newton*, comments: 'The role of the Royal Academy Schools is invaluable in nurturing the talent and ideas of young artists so as to safeguard the future of art. Although they do not have the visibility of the exhibitions of international importance held at the Academy, The RA Schools are very much a living, breathing institution at the heart of the Academy. Literally, in the foundations of the Academy, The RA Schools are at the very forefront of developing contemporary art practice and have been for centuries. We are pleased to be able to sponsor The RA Schools as they continue to progress and develop and also to ensure that students are able to attend on merit alone, particularly in this period of austerity."
Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than $73 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.
*'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (CI) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Registered in England no: 2675952. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. Unless otherwise stated, all information source BNY Mellon Asset Management as at 31 December 2010. This press release is qualified for issuance in the UK, US and Canada 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 & Canada) and BNY Mellon Asset Management International Limited (ex-US/Canada) 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: 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)