February 13, 2012

Newton Strengthens Fixed Income Capability

BNY Mellon boutique appoints Sebastien Poulin

LONDON and NEW YORK, February 13, 2012 — Newton*, part of BNY Mellon Asset Management, has announced that it has strengthened its Global Fixed Income team with the appointment of Sebastien Poulin as a high yield analyst.

Poulin joins Newton from Standard and Poor's, where he was part of the Corporate Ratings Group, EMEA Telecom, Media and Technology Analytical Team. He joined Standard & Poor's in 2007 as an analyst in its Structured Credit Analytical Team. Prior to this, Poulin worked at BNP Paribas as an analyst within its Credit Portfolio Management Department. He joined BNP Paribas Asset Management as an intern in Paris in 2004 within the Euro Fixed Income Department.

Poulin will be responsible for analysing global high yield investment opportunities aligned to Newton's thematic investment process. He will report to Parmeshwar Chadha, who is the lead manager for over 1 billion pounds Sterling of assets under management in high yield bond positions.

Paul Brain, Newton's* global fixed income investment leader, comments, "Increased client interest in Newton's absolute return products has resulted in a higher demand to incorporate high yield bond assets into the portfolios. Parmeshwar and his colleague, Scott Freedman, have been instrumental in aiming to deliver strong investment returns for clients.  As the growth in this area of our business continued, it became clear that we needed to appoint a new team member who had an in-depth knowledge of high yield fixed income investing. We are confident Sebastien will be a valuable addition to our team."

Newton's 10-strong Global Fixed Income team manages over 6.1 pounds billion of assets under management on behalf of a global client base.  In order to service the clients effectively, mandates are split into four categories: global diversification, absolute return, income and responsible investment. The focused team of investment professionals is highly nimble in its active approach to fixed income investing, working in conjunction with Newton's wider investment teams to ensure that fixed income investing fully incorporates Newton's global thematic process.

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 45.9 billion pounds, 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 one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found 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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. 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.