The Bank of New York Mellon Completes Acquisition of JPMorgan Trust Bank Limited in Japan

PRNewswire
TOKYO
(NYSE:BK)
Mar 2, 2009

TOKYO, March 2, 2009 — The Bank of New York Mellon , the global leader in asset management and securities servicing, has completed the acquisition of JPMorgan Trust Bank Limited in Japan from JPMorgan Chase & Co. The transaction is a result of the company's acquisition of JPMorgan Chase's global corporate trust business in 2006. Terms were not disclosed.

With the closing of the acquisition, The Bank of New York Mellon will introduce its wide range of corporate trust products in Japan while continuing to provide the securitization asset trustee services already provided by the trust bank. The trust bank currently provides asset securitization-related services for corporate clients, including asset trustee, cash management and fiscal agency services.

This transaction highlights The Bank of New York Mellon's well-defined strategy of growing its issuer and securities servicing businesses organically and via selective acquisitions and partnerships with leading institutions.

"With the completion of this acquisition, we have significantly improved our corporate trust capabilities in Japan and expanded the wide range of issuer and securities services available to our growing client base," said Scott Posner, CEO of Global Corporate Trust at The Bank of New York Mellon. "We believe our financial strength coupled with a diverse and expanding suite of services will enable us to grow our corporate trust business in Japan and across the Asia Pacific region."

The Bank of New York Mellon has had a presence in Japan for almost four decades. The company provides a wide variety of products and services to Japanese institutional and retail investors including asset management, securities servicing and corporate trust.

The Bank of New York Mellon's corporate trust business services $11 trillion in outstanding debt from 56 locations around the world. It services all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities and international debt offerings.

Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.

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 $20.2 trillion in assets under custody and administration, $928 billion in assets under management and services more than $11 trillion in outstanding debt. Additional information is available at www.bnymellon.com.