April 06, 2011

Newton Strengthens Its Edinburgh Team

Appointing June Jessop and promoting Matthew Dey

London, 6 April 2011 — Newton Investment Management Limited, part of BNY Mellon Asset Management, has strengthened its Scotland-based Private Client and Charities team. With offices in Edinburgh since 1994, Newton's investment management team looks after £860m of private client and charity assets.

June Jessop will join Newton's Edinburgh office as Head of Charities for Scotland in April. Reporting to Mike Connor, Investment Director, Jessop will provide leadership to the team of charity fund managers based in Edinburgh that manages £230m of assets on behalf of over 50 charity clients.

Jessop brings over 19 years of investment management experience to Newton. Having started her career with Stewart Ivory & Company in February 1992, Jessop became Head of Charities, a specialist unit created within Stewart Ivory in 2000. Following its acquisition, initially by First State Investments and then by Adam & Company Investment Management Limited (AIM), Jessop continued her charity investment management role, being appointed a Director of AIM in 2004. Prior to joining Newton, Jessop was a Director at Cornelian Asset Managers Limited in Edinburgh for over four years. In this role, she was responsible for growing the company's charity client base and for managing charity portfolios on a discretionary basis.

In addition to Jessop's appointment, Newton has promoted Matthew Dey to the role of Business Development Manager for its Edinburgh office. Dey joined Newton as a trainee portfolio manager in 2009. Over this period Dey has been assisting with the day to day running of client portfolios for both charity and private clients. Dey joined Newton from Heriot-Watt University where he graduated with an MBA, which he obtained while pursuing a rugby career which saw him play professionally for Edinburgh for six years.

Mike Connor, Investment Director, said "As our market share of the Scottish private client and charity sectors has increased, we determined a need to strengthen our Edinburgh-based team. The appointment of someone of June's experience and pedigree highlights our dedication in supporting our plans for future growth in our discretionary investment management services to charities.

"It is also very rewarding to be able to promote internal candidates into senior roles within the company. Since joining Newton, Matt has demonstrated a good understanding of our business and its future needs. We are sure that he will be instrumental in further expanding our footprint in Scotland in his new role."

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 £47 billion, including assets managed by Newton Investment Management 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, offering superior investment management and investment 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 (NYSE: BK). Additional information is available at www.bnymellon.com.

All information source BNY Mellon Asset Management International Limited as at 31 December 2010. This press release is qualified for issuance in the UK only 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 International Limited 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: The 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.