Former State Street COO for Asia joins BNY Mellon in Hong Kong

HONG KONG, June 26, 2008 — BNY Mellon Asset Servicing, the global leader in securities servicing, has appointed Rex Wong as a market segmentation specialist within the global product management team.

Based in Hong Kong, Wong will be responsible for market and sector analysis as well as defining and coordinating the implementation of future strategic growth opportunities across Asia. He will report to Francis Braeckevelt, managing director of Global Product Management — Asia, who is based in Singapore.

Wong has over 14 years experience in the asset servicing industry. He joins BNY Mellon from State Street Bank & Trust Company where he had progressive roles within client services and project management. He was most recently Asia Chief Operating Officer for State Street's investor services business, where he was responsible for the overall management of the operations team. The team provided custody, accounting, trustee, fund administration and transfer agency services for regional institutional clients, investment managers, unit trusts and exchange traded funds (ETFs).

Commenting on Wong's appointment, Chong Jin Leow, head of Asia, BNY Mellon Asset Servicing, said: "Asia is one of the fastest growing and dynamic regions in the world for the securities servicing industry. As our business continues to expand, we remain focused on staying at the forefront of product and technological innovation. With almost 15 years experience in the asset servicing business, Rex has demonstrated the strategic vision and leadership skills necessary to manage and grow complex, multi-dimensional businesses and is well-positioned to drive our growth initiatives."

"I am excited to be joining BNY Mellon Asset Servicing," said Rex Wong. "The company has a global commitment to asset servicing, an innovative technological platform and impressive approach to client service. Working with my new colleagues, I look forward to continuing to create an exceptional array of world class products to offer clients in Asia."

The Bank of New York Mellon has been conducting business in the Asia-Pacific region for over 50 years. The company has 16 offices in 12 countries in the region, including full-service branches in Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei, and employs around 3,000 employees. Businesses represented in the Asia-Pacific Region include asset servicing, asset management, issuer services and treasury services.

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.