BOSTON, October 16, 2007 — BNY Mellon Asset Servicing, the global leader in asset servicing, has announced that it will provide managed accounts and institutional back office outsourcing support for O'Shaughnessy Asset Management LLC, a Stamford, CT-based quantitative investment firm lead by James P. O'Shaughnessy. BNY Mellon Asset Servicing will provide a range of value-added support services for O'Shaughnessy's managed accounts and institutional accounts, such as account administration, transaction processing, portfolio accounting, custodian reconciliations, performance measurement, client reporting, and client billing.

"BNY Mellon's reputation in both small and large outsourcing efforts, and the quality of its service model, made this an easy decision for us," said Chris Loveless, president of O'Shaughnessy Asset Management. "Our clients expect superior value from us, and we know BNY Mellon is a partner who will deliver on that level."

"Demand for outsourcing services from newly established investment management firms like O'Shaughnessy Asset Management continues to surge," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "These smart, young companies are focusing on their skills in managing money for clients, while turning to us for account and back office support."

O'Shaughnessy Asset Management, LLC is a quantitative money management firm headquartered in Stamford, CT. The company delivers a broad range of equity portfolios to institutional investors and the high net-worth clients of financial advisors, and also serves as a sub-adviser to a family of mutual funds through the Royal Bank of Canada. O'Shaughnessy and his portfolio team manage more than $13 billion in client assets.

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 provides services through The Bank of New York, Mellon Bank, N.A. and other related companies.

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 37 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 $20 trillion in assets under custody and administration, more than $1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at http://www.bnymellon.com/.