The Bank of New York Mellon's Pershing Unit Adds Four Industry-Leading Fund Companies...

The Bank of New York Mellon's Pershing Unit Adds Four Industry-Leading Fund
Companies to Nexus Funds

LONDON, March 31 /PRNewswire-FirstCall/ -- Pershing Limited, an affiliate
of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation,
announced today that it has added Gartmore Investment Management, Invesco
Perpetual, Morley Fund Management and Norwich Union's mutual funds to its
Nexus Funds solution.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071001/NYM012LOGO )
Nexus Funds is a straight-through processing, no-fee mutual fund solution
that is fully integrated with the Pershing Nexus(R) platform. Dealing and
settlement fees and custody fees on new assets are waived for eligible deals
in UK-registered funds that utilise the solution. These deals also benefit
from guaranteed contractual settlement and consolidated trailer fee payments,
ensuring predictable settlement dates and streamlining clients' administration
and payment processes.
Pershing's Nexus platform provides private client wealth managers, life
companies, building societies and independent financial advisers with a single
access point to buy and sell a variety of global funds and all major financial
instruments, including equities, fixed income and foreign exchange.
Charles van der Merwe, chief executive officer of Pershing Limited, said,
"The addition of these high-calibre fund companies to Nexus Funds underscores
our commitment to provide our clients with cost-effective access to the UK's
leading mutual funds. More than 500 funds are now available through Nexus
Funds and we continue to see increased momentum in the number of fund managers
interested in partnering with us."
Pershing Limited provides broker-dealers, asset managers, intermediary
firms and financial institutions across Europe with a comprehensive range of
products, services and solutions including retail clearing, fully disclosed
institutional global clearing, broker services and execution services.
Established in London in 1987, Pershing Limited and its subsidiary, Pershing
Securities Limited, are members of the London Stock Exchange and Euroclear UK
& Ireland. Pershing Limited has direct memberships with LCH.Clearnet and SWX
Europe. Pershing Securities Limited is a member of Deutsche Borse, Eurex
Clearing and Clearstream. Pershing Limited is an affiliate of Pershing LLC, a
leading global provider of financial business solutions to more than 1,150
institutional and retail financial organisations and independent investment
advisers who collectively represent over five million active investors.
Pershing LLC (member FINRA/NYSE/SIPC) is a member of every major U.S.
securities exchange, and a subsidiary of The Bank of New York Mellon
Corporation. Additional information is available at pershing.co.uk.
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 $23
trillion in assets under custody and administration, more than $1.1 trillion
in assets under management and services $11 trillion in outstanding debt.
Additional information is available at bnymellon.com.
SOURCE The Bank of New York Mellon Corporation

Michael Geller, +1-201-413-4179, mgeller@pershing.com, for The Bank of New
York Mellon Corporation