Newton Appoints Terry Coles

LONDON and NEW YORK, July 28 /PRNewswire-FirstCall/ -- Newton* has appointed Terry Coles as investment manager in its global equities team.

Coles joins from F&C Asset Management where he was a director within its global equities team. He has over 11 years of experience in investment management, and at F&C oversaw a range of mandates with over 800m pounds Sterling in assets under management. Prior to joining F&C he was a Portfolio Manager at Morgan Stanley Private Wealth Management, and part of a team that oversaw a doubling of assets in the flagship global equities fund. He holds a BSc in International Business from Western Carolina University and is a CFA Charterholder.

Commenting on the appointment, Jeff Munroe, chief investment officer at Newton*, said: "Terry has a strong background in the management of global equity portfolios. His wealth of experience will add to our existing team and help continue our success in this area."

Newton's global equities team is responsible for around 13bn pounds in assets under management across a number of mandates. Managing global portfolios is the core of the Newton investment approach and goes back to the origins of the firm. The firm's global thematic team-based approach to investment continues to receive industry recognition. From the strong research and fund management to the excellent administration and client service, clients and consultants continue to recognise Newton's team approach that has been successful over a wide range of market conditions.

Newton is part of BNY Mellon Asset Management.

Notes to Editors:

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 $62 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 $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 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. 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. 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. Newton Investment 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: 1371973. All information source BNY Mellon Asset Management as at 30 June 2010. 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 authorised. This press release is issued by BNY Mellon Asset 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. Registered office of BNY Mellon Asset Management International Limited: 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).

SOURCE Newton; BNY Mellon; BNY Mellon Asset Management

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