MEDIA RELEASE PR40592
BNY Mellon Appoints Mitchell Harris Sole Interim Head for Asset Management
LONDON and NEW YORK, July 27 /PRNewswire-AsiaNet/ --
BNY Mellon announced today that Mitchell Harris will be the sole head of
the company's asset management business on an interim basis. Harris also
continues in his role as chairman of the Fixed Income, Cash and Currency
Group of BNY Mellon Asset Management.
The company is currently conducting a comprehensive search for a
permanent head of the asset management business, considering internal and
external candidates. Jon Little, who had been serving as interim co-head of
the business with Harris, is leaving to accept a new opportunity in the
financial services industry.
"Our asset management business has great management strength across our
boutiques," said Robert P. Kelly, chairman and chief executive officer of BNY
Mellon. "The asset management leadership team has demonstrated resilience
through challenging market cycles, continuing to provide our clients with
strong investment performance and superior service around the globe. I'm
pleased that we have the benefit of Mitchell's outstanding leadership during
this transition period and we wish Jon the best in his new role."
"With a strong leadership team across our global franchise, we continue
to earn additional business from new and existing clients," said Harris. "In
fact, we reported US$13 billion in net long-term asset inflows during the
second quarter alone. We continue to capitalize on the excellent growth
prospects for our business worldwide."
As head of the Fixed Income, Cash and Currency Group, Harris oversees
businesses with more than US$500 billion in assets under management including
Pareto, Standish Mellon Asset Management LLC, Alcentra and BNY Mellon Cash
Investment Strategies. His prior roles include serving as chief executive
officer of Standish and Pareto Partners. He remains the chairman of both.
Prior to joining Pareto in 1993, Harris worked at Citibank for 14 years where
his roles included managing the private bank business in Germany and Jersey
(Channel Islands), and the London private bank for European marketing.
BNY Mellon ranks among the top 10 asset management firms in the U.S. and
globally with US$1 trillion in assets under management. BNY Mellon Asset
Management is the umbrella organization for The Bank of New York 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 US$21.8 trillion in assets under
custody and administration and US$1.0 trillion in assets under management,
services US$11.6 trillion in outstanding debt and processes global payments
averaging US$1.5 trillion per day. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation (NYSE: BK). Additional information is
All information source BNY Mellon Asset Management as at 30/06/10. 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: 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
CONTACT: Jamie Brookes, +44-(0)-20-7163-2146, jamie.brookes@bnymellon.com
NEWS 
