Lou Maiuri, CEO & Chairman of Eagle Investment Systems, becomes Global Head of Outsourcing

NEW YORK and LONDON, December 15, 2009 — BNY Mellon Asset Servicing, the global leader in securities servicing, has established a dedicated global Outsourcing group that builds upon the company's innovative technology and highly-focused project management expertise to better service today's complex, multi-layered outsourcing arrangements.

Lou Maiuri, CEO and Chairman of Eagle Investment Systems, takes on the additional role of Global Head of Outsourcing, reporting to Jim Palermo and Tim Keaney, co-CEOs of BNY Mellon Asset Servicing.

The market turmoil over the past year has only accelerated the appetite for outsourcing, with ever more firms taking a hard look at their business models and choosing to focus on core competencies while outsourcing other functions. Moreover, institutions' needs around outsourcing are becoming more sophisticated, with a shift from mere process replication to cost savings and efficiencies.

A key element of BNY Mellon's new proposition is the ability to combine back office functions such as administration and recordkeeping with middle office servicing capabilities, spanning multiple books of business, all on a single platform to offer enhanced efficiencies and cost savings to the client.

Maiuri will have direct responsibility for all aspects of the outsourcing business including product design and architecture, client solutions and implementation, and product profitability. He will work alongside BNY Mellon's regional business, operations and technology groups to design and implement successful outsourcing solutions.

In addition to his new role, Maiuri will remain Chairman of Eagle. John Lehner, currently Eagle's President, will take over the role of Eagle CEO as of January 1, 2010.

Jim Palermo, co-CEO of BNY Mellon Servicing, said: "Outsourcing solutions have long been an important part of BNY Mellon's offering to investment managers and other financial institutions worldwide. As an industry leader in technology and client service, BNY Mellon has further focused and strengthened our capabilities and today is uniquely positioned to meet firms' needs in this space through our extensive core operational capabilities and technology applications and established track-record."

BNY Mellon Asset Servicing today services 54 outsourcing clients with $1.7 trillion in assets worldwide.

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 is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon 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. BNY Mellon 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 $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.