MEL Mellon Finl Corp

PITTSBURGH, June 14 /PRNewswire-FirstCall/ -- Mellon Financial Corporation (NYSE:MEL) announced today that it will administer the middle and back office managed accounts business of Epoch Investment Partners. Services include account opening and maintenance, transaction support, custodian reconciliation and performance measurement. In addition, Mellon will provide Epoch with an imaging and workflow tool to improve its operational efficiencies. "Mellon's wide array of support services will facilitate our ability to grow our business and provide the transparency that we believe is essential in the current investment and regulatory environment," said Tim Taussig, president and chief operating officer of Epoch. "In addition to delivering superior investment performance, we strive to demonstrate the clarity of our investment process." Epoch, which began operating in 2004, manages over $5.3 billion in assets including $55 million in managed account assets. Epoch focuses on free cash flow and dividend yield as significant components of its stock selection process. "We are pleased that Epoch has chosen Mellon to provide middle and back office support," said James P. Palermo, vice chairman of Mellon Financial and head of its Asset Servicing group. "Increasingly, Mellon is being recognized for its ability to provide the resources that asset managers require to grow." Mellon's Asset Servicing group provides solution-oriented service and tools to support the entire investment process for investment managers, public and private pension funds, endowments and foundations, mutual funds, insurance and other financial institutions. The Asset Servicing group is comprised of Eagle Investment Systems, DPM Mellon, Mellon Analytical Solutions, and its joint venture partnerships -- ABN AMRO Mellon and CIBC Mellon. Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, wealth management, asset servicing, issuer services and treasury services. Mellon has approximately $5.8 trillion in assets under management, administration or custody, including $1.034 trillion under management. News and other information about Mellon is available at http://www.mellon.com/. DATASOURCE: Mellon Financial Corporation CONTACT: Mike Dunn of Mellon Financial Corporation, +1-212-922-7859, Web site: http://www.mellon.com/

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