BNY Mellon Asset Servicing Wins Invesco UK and Offshore Servicing Mandate

LONDON, Jan. 29  /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has been appointed by Invesco to provide global custody, fund accounting and fund administration services for assets valued over $50 billion within a portfolio of 135 funds domiciled in Dublin, Luxembourg and the UK.

Invesco is one of the world's leading investment management companies, with $357.2 billion in assets (as of December 31, 2008) and operations in 20 countries.

This is the first time that Invesco has contracted with a third party to provide fund accounting services for its UK funds and its range of Dublin and Luxembourg offshore funds.

Under the terms of the new arrangement, the Invesco employees currently delivering these services have been offered career opportunities with BNY Mellon.

John Rowland, Invesco's Head of Investment Operations, said: "Invesco has made significant strides in recent years to enhance our worldwide operations to the benefit of our clients and our shareholders. This arrangement with BNY Mellon as a provider of leading asset servicing capabilities further supports our commitment to continuous improvement in this area."

Nadine Chakar, Executive Vice-President and Head of Europe, Middle East & Africa at BNY Mellon Asset Servicing, said: "We are delighted to have this opportunity to deepen our strong relationship with Invesco and extend a warm welcome to our new employees. Invesco's decision to partner with BNY Mellon underlines the breadth of our product set, our flexible full service model and our ongoing commitment to trust, teamwork and out-performance."

Notes to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 $20.2 trillion in assets under custody and administration, $928 billion in assets under management and services more than $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com/

Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at http://www.invesco.com/ 

DATASOURCE: BNY Mellon Asset Servicing



CONTACT:  Tim Steele of BNY Mellon Asset Servicing, [phone],





Web Site:  http://www.bnymellon.com/ 

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