LONDON, November 28, 2008 — BNY Mellon Asset Servicing, the global leader in securities servicing, has been named Securities Services Provider of the Year in The Banker Awards 2008.

BNY Mellon was praised for the "growing strength" of its European asset servicing business and for the manner in which it has "continued to drive service improvements [and] introduce new services and technology" while undertaking a complex integration project following the July 2007 merger of The Bank of New York and Mellon Financial Corporation.

"Client service and product excellence are at the heart of everything we do, and we are obviously proud that our achievements have been recognised with this prestigious award," said James P Palermo, co-CEO of BNY Mellon Asset Servicing. "Our clients can be assured that we will continue to focus on excellence, innovation and partnership as we assist them in growing their businesses through 2009 and beyond."

The annual Banker Awards encompass global and country awards and honour the leading players in emerging markets, cash management and securities services, as well as recognising environmental, social and governance achievements. Together the winners represent the best commercial banking performances across the globe.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.

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 $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services approximately $12 trillion in outstanding debt. Additional information is available at www.bnymellon.com.