LONDON, May 22, 2008 — BNY Mellon Asset Servicing has topped its peer group of the world's largest global custodians in seven categories within Global Investor magazine's annual Global Custody survey of investment managers, insurance companies and pension funds.

Established in July 2007 following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation, BNY Mellon Asset Servicing was ranked #1 amongst all surveyed providers in the Overall: Footprint(1) and North American Institutional Fund Managers (Unweighted) categories.

In addition, BNY Mellon was ranked #1 amongst its peers(2) in the following categories:

  -- Overall (Unweighted)
  -- European  Institutional Fund Managers (Unweighted)
  -- North American Mutual Fund Managers (Weighted)
  -- Pension Funds  (Unweighted)
  -- North America (Unweighted)

Noting that "the integration of the two businesses is on track", Global Investor stated: "In the Footprint category, which highlights the truly global custodians, the top prize goes to BNY Mellon, well ahead of Northern Trust, Citi and RBC Dexia. Winning this category is all the more creditable because it comes only one year after Bank of New York merged with Mellon [Financial] Corporation."

Jim Palermo, co-CEO of BNY Mellon Asset Servicing, said: "Our strong showing in this prestigious independent industry survey once again highlights our commitment to service excellence. Our focus on quality has been unwavering and has paid off handsomely. These latest survey results are testament to the high levels of dedication and creativity displayed by everyone on our Asset Servicing team."

Tim Keaney, co-CEO of BNY Mellon Asset Servicing, added: "These results show the support we continue to receive from our clients, and we thank them for this latest vote of confidence in our merged organization. Jim and I can assure them that, as their trusted partner, we remain fully committed to serving their long-term needs and will continue the pursuit of our global growth strategy with boundless energy and determination."

The Global Investor survey results follow BNY Mellon's top ranking performance in both Global Custodian magazine's 2007 Global Custody Survey -- published in January -- and the 2008 R&M Survey, which appeared in March.

  (1) The Footprint score is calculated by taking the total of the overall
      unweighted scores and multiplying this by the number of qualified
      responses each bank receives. BNY Mellon scored 5493.58, compared to
      the 3346.01 scored by the #2 ranked provider.

  (2) State Street, JP Morgan, Northern Trust & Citigroup.


  Note to editors

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised 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 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 $12 trillion in outstanding debt. Additional information is available at bnymellon.com.