BOSTON, March 24, 2008 — BNY Mellon Asset Servicing, the global leader in asset servicing, has introduced a new suite of alternative investment services for plan sponsors and not-for-profit institutional investors. The new services enable clients to better process, manage, account for, and analyze alternative investments, reducing the large administrative effort often associated with this challenging asset class.

BNY Mellon has a long heritage of servicing clients with alternative investment strategies. Newly launched services include data administration, reconciliation, document management, "as of" performance measurement, as well as integrated reporting and analysis through the company's powerful Workbench information delivery system.

"BNY Mellon has listened to the evolving needs of its clients relative to the administration of alternative assets and has developed a set of tools and services that make it easier for us to satisfy our many reporting and compliance requirements," said Alfred Salvato, associate vice president of finance and treasurer of Thomas Jefferson University, based in Philadelphia.

"With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labor intensive asset class," said Eve Kingsley, first vice president and product manager at BNY Mellon. "We work in close partnership with our clients to come up with new solutions to the challenges that come with investing in alternative assets. These services will go a long way in freeing up time for investors to focus more on priorities like managing assets and risk."

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.

Through its Alternative Investment Services business, The Bank of New York Mellon also provides a wide range of administration services to hedge funds, funds of hedge funds, and private equity assets. In addition to hedge fund administration, the company offers a wide range of accounting, cash management, collateral management, custody, asset management and wealth management services to the hedge fund industry. With more than $195 billion in hedge fund assets under administration, Alternative Investment Services is one of the world's leading providers in this market segment.

The Bank of New York Mellon Corporation (NYSE: BK) 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.