Standish Augments Expertise in High Yield Bonds

BOSTON and LONDON, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Standish Mellon Asset Management Company LLC, the award-winning fixed income specialist for BNY Mellon Asset Management, today announced that Clark J. Orsky has joined the firm as senior high yield analyst specializing in the healthcare, utilities and homebuilding sectors.

"Clark brings a wealth of experience in high yield bonds, which comprise a growing business for us as global institutions are increasing their allocations to high income and high yield securities," said David Leduc, chief investment officer of Standish.  "His industry-specific experience will augment our capabilities in corporate bonds."

Orsky, who is based in Boston and reports to Karen Bater, director of high yield strategies, comes to Standish from State Street Global Advisors, where he had been a high yield analyst.  Prior to that, he was an analyst for KDP Investment Advisors, a manager of financial planning systems for Green Mountain Power Corp., and manager of commercial real estate portfolios for Key Bank of Vermont.   He received his bachelor's degree from Babson College.

Notes to Editors:

Standish Mellon Asset Management Company LLC, with $79 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in Insurance and Global Workout Solutions. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.

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 $24.4 trillion in assets under custody and administration and $1.14 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 as at 30/09/10. 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 BNY Mellon

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