Will Lead U.S. Effort to Leverage Full Range of Multi-Boutique Capabilities BOSTON, Nov. 10 /PRNewswire-FirstCall/ -- BNY Mellon Asset Management has named Jeffrey B. Saef director of multi-strategy investment solutions. Saef, who reports to Phil Maisano, chief investment strategist, is responsible for developing integrated solutions for U.S. clients that combine investment strategies from the asset manager's investment boutiques. Saef, who is based in Boston, joins BNY Mellon Asset Management from Pyramis Global Advisors, a Fidelity Investments Company, where he was an executive vice president and director of institutional investment strategies. He was on the executive management team and responsible for establishing the institutional product line for the firm. His responsibilities also included developing new products and executing new business strategies in international markets, sub-advisory markets, and defined contribution markets. Most recently, he managed the development and launch of Pyramis' institutional lifecycle products. "Jeff Saef has the experience and expertise to lead our efforts to provide multi-strategy solutions to our clients," said Maisano. "Increasingly, a wide range of our clients from retail intermediaries to highly sophisticated institutional clients are asking us to provide a combination of investment strategies that cover a broad spectrum of approaches, ranging from asset allocation to absolute return to inflation hedging." "BNY Mellon Asset Management has a large, diverse investment platform that is well suited for constructing multi-strategy solutions," said Saef. "Its multi-boutique model ensures that its investment firms pursue truly diverse and autonomous sources of return." Saef also had experience at Putnam Investments, where he was a managing director and head of investment strategy and research for its global institutional business. He has extensive experience in the fixed income area, having spent over a decade as a portfolio manager for both Putnam and Independence Investment Associates. He received his MBA degree from the F.W. Olin Graduate School of Business at Babson College and his bachelor's degree from Brown University. The Bank of New York Mellon Corporation 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. The company 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 more than $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com. DATASOURCE: The Bank of New York Mellon Corporation CONTACT: Mike Dunn, The Bank of New York Mellon Corporation, +1-212-922-7859, Web Site: http://www.bnymellon.com/

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