FFTW Promotes Kenneth O'Donnell to Head of Short Duration

NEW YORK, NY--(Marketwire - Aug 22, 2011) - Fischer Francis Trees & Watts (FFTW), the global fixed income partner of BNP Paribas Investment Partners, is pleased to announce the promotion of Kenneth O'Donnell, CFA, to Head of Short Duration. He will be responsible for performance, growth and development of short duration strategies firm wide. FFTW's short duration capabilities include global and US short duration, stable value and absolute return strategies.

Guy Williams, FFTW's Chief Investment Officer, stated, "Over the past decade, Ken has been key in building FFTW's short duration business. He brings a wealth of experience building short duration track records, working with institutional clients and managing investment professionals. We are confident that this experience will be valuable in serving the client demand for our short duration solutions."

Ken began his career at FFTW in June 2002 as a portfolio manager with direct responsibility for the short duration product range. His primary responsibilities included managing sector and interest rate exposures for a diversified group of client portfolios. Previously he worked in the Fixed Income Group at Standish Mellon Asset Management in Boston.

Notes to Editors:

Fischer Francis Trees & Watts
www.fftw.com

Fischer Francis Trees & Watts ("FFTW") is a global investment management firm providing active, fixed income strategies to institutional investors. It manages single and multi-currency mandates across global, US and emerging markets. As of May 31, 2011, FFTW managed and advised $52.8 billion on behalf of clients around the world, including central banks, public institutions, corporations, insurance companies, endowments, foundations and non-profit organizations, and sub-advisory relationships. FFTW has separate entities in the United States, United Kingdom and Singapore, all of which are registered as investment advisers with the U.S. Securities and Exchange Commission. FFTW is a wholly-owned subsidiary of BNP Paribas and sits within BNP Paribas Investment Partners.

About BNP Paribas Investment Partners
www.bnpparibas-ip.com

BNP Paribas Investment Partners is the brand name of the asset management business of the BNP Paribas Group. BNP Paribas Investment Partners offers the full range of investment management services to both institutional and retail clients around the world. Central to the way we work is the concept of partnership -- both in terms of how we behave as a family of companies and our relationships with our clients. Over 800 investment professionals work across our network of some 60 investment centres, each specialising in a particular asset class or type of product. With total assets under management of EUR 540 billion (USD 783 billion) as of 30 June 2011, BNP Paribas Investment Partners is the fourth-largest asset manager in Europe and the twelfth-largest in the world.