BNY Mellon Asset Management to distribute Insight fund range in the UK

BNY Mellon Asset Management and Insight Investment have announced that BNY Mellon Asset Management* is to be responsible for the distribution of Insight Investment funds and investment capabilities throughout the UK wholesale market.

Insight Investment joined the multi-boutique model of BNY Mellon Asset Management in November 2009, following the completion of the acquisition from Lloyds Banking Group. The company is known as a pioneer of LDI as well as an innovator in areas such as fixed income and absolute return. Since the acquisitionboth organisations have been working together to maximise the benefits of this collaboration.

Paul Feeney, Head of International Distribution at BNY Mellon Asset Management, comments: “The addition of Insight Investment enhances the range of capabilities we offer professional advisers. Insight’s strong investment capability across fixed income, specialist equity, multi-asset and absolute return investment strategies further strengthens our multi-boutique investment proposition to our professional adviser clients. BNY Mellon Asset Management’s distribution expertise, and Insight’s market-leading strategies, will help continue our drive to offer innovative solutions for our clients.”

Insight Investment’s discretionary sales and client service team will transition to BNY Mellon Asset Management as of 1 June 2010 with the sole focus to distribute Insight Investment’s capability into the UK discretionary marketplace.

This announcement refers to the UK wholesale marketplace only, a separate communication will be made on international distribution. Insight Investment will continue to distribute to and service the UK institutional market directly.

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Notes to Editors:

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

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

Contacts:          

Jamie Brookes: +44 (0) 20 7163 2146, jamie.brookes@bnymellon.com                                                               
Amanda Williams: +44 (0) 20 7321 1918, amanda.williams@insightinvestment.com