The financial dislocation that began last year sparked unusually strong reactions from seasoned market observers, including adjectives such as “unprecedented” and “without parallel.” The ramifications are likely to be with us for a long time.

To help sort through the lessons for investors, BNY Mellon Asset Management convened a panel of senior professionals in Dubai in May 2008 to examine the crisis, which formed the basis of this report. Our participants were:

• David Forbes-Nixon, Chairman and CEO, Alcentra
• Dick Hoey, Chief Economist, The Bank of New York Mellon
• Charlie Jacklin, President and CEO, Mellon Capital Management Corporation
• Phil Maisano, Chief Investment Strategist, BNY Mellon Asset Management
• Ronald P. O’Hanley, President and CEO, BNY Mellon Asset Management

The panel was moderated by Cyrus Taraporevala, Executive Director of North American Institutional Sales, Client Management and Marketing at BNY Mellon Asset Management.

For more information or a hard copy please contact, please contact David Zigas at 617 248-6202.

The preceding information is based upon the analysis of historical performance of various asset classes and assumptions with respect to future economic conditions. Past performance is not an indication of future results. This information is not intended to provide specific advice, recommendations or projected returns of any particular BNY Mellon Asset Management product.