Succeeding Michael Hughey, Who is Retiring After 25-year Career

NEW YORK, March 5, 2008 — The Bank of New York Mellon Corporation announced today that John A. Park will become its next controller, effective May 1. Park, who currently serves as chief financial officer of the company's Treasury and Global Markets businesses, will replace Michael A. Hughey, who is retiring after 25 years with the organization.

Park joined The Bank of New York in 1987 and has had responsibility for numerous financial functions, including key controller-related activities such as external reporting, accounting policy and corporate finance. A certified public accountant, he has a bachelor's degree in government and a master's degree in accounting from Cornell University.

"John has consistently displayed strong leadership skills and expertise in financial reporting. He will be a key member of our financial team as we build out our global financial organization," said Bruce Van Saun, chief financial officer for The Bank of New York Mellon.

Hughey joined Mellon Bank Corporation in 1983 and has had a financial management career that included responsibility for such functions as the controllership and director of tax.

"A vital contributor to the company's finance organization for 25 years, Mike most recently played a leadership role in effecting a smooth transition during a critical period for our newly-merged company," Van Saun added. "We wish Mike the very best in his retirement."

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 more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.