Dreyfus Hires Dwight Jacobsen to Lead Intermediary Sales

    NEW YORK, Aug. 14 /EMWNews/ -- The Dreyfus Corporation

announced today that Dwight Jacobsen has joined Dreyfus as Executive Vice

President and Head of Intermediary Sales. Jacobsen will become a member of

the Dreyfus Operating Committee and Senior Management Committee, effective

immediately.



    "Growing U.S. intermediary business through Dreyfus is one of BNY

Mellon Asset Management's most important strategic objectives," said Jon

Baum, chief executive officer of The Dreyfus Corporation and a member of

the Executive Committee of BNY Mellon Asset Management. "Dwight Jacobsen's

distribution expertise, industry reputation and proven sales leadership

will enable the firm to better intensify its focus on intermediary clients.

Having had the privilege of working with Dwight in the past, I have seen

first-hand that he will continue Dreyfus' evolution as a first-class

distribution firm."



    A senior executive with more than 25 years of experience in the

financial services industry, Jacobsen joins Dreyfus most recently from

Pioneer Investments where he headed relationship management and strategic

alliances. Jacobsen served as the primary contact for senior executives for

the largest accounts in the retail and sub-advised business units and

greatly expanded the access and assets under management for the major

broker-dealer platforms. Jacobsen also held senior posts at Scudder. Prior

to Scudder, Jacobsen was with Putnam for 10 years, responsible for all

financial advisor business, exceeding sales goals each year, and

consistently performing as the #1 distribution channel at Putnam. Jacobsen

began his career in this business as a wholesaler with Van Kampen Merritt,

where he wholesaled 10 states on the West Coast and then seven states in

the Northeast.



    Jacobsen holds a bachelor's degree in business from Taylor University

and is NASD-licensed for Series 7, 24, 51, 63 and 65. Jacobsen serves on

the Sales and Marketing Committee of the Investment Company Institute

(ICI), is a member of the Big Brothers Big Sisters of Massachusetts Bay and

is a former Board member of the New York City Rescue Mission.



    The Dreyfus Corporation, established in 1951 and headquartered in New

York City, is one of the nation's leading asset management and distribution

companies. Dreyfus and its subsidiaries currently manage more than $300

billion in mutual funds, separately managed accounts, and institutional

portfolios. Dreyfus is part of BNY Mellon Asset Management.



    BNY Mellon Asset Management is one of the world's largest global asset

managers with more than US$1 trillion in assets under management. The

multi-boutique asset management model encompasses the investment skills of

world class specialist asset managers who are amongst the most advanced and

highly regarded names in money management. With investment expertise that

spans the asset class spectrum, BNY Mellon Asset Management offers a

comprehensive suite of beta-achieving and alpha-generating investment

strategies to meet the unique needs of institutional investors.



    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 $12 trillion in outstanding debt. Additional information is

available at bnymellon.com.