LONDON, April 9, 2008 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has named Mark Higgins head of Sales and Marketing for Global Collateral Management in the Europe, Middle East and Africa (EMEA) region. Higgins will help drive the expansion of the firm's global collateral management business, including derivatives margin management services, in the EMEA region. He is based in London and reports to Staffan Ahlner, managing director and head of Product Management and Sales for Global Collateral Management in Europe.

Over the last seven years, demand for collateral management has increased over 500% and collateral agreements used to support derivatives have increased nearly 300%.* This level of demand is one reason companies are increasingly turning to The Bank of New York Mellon for its collateral management expertise and innovative solutions.

"Mark has been involved in several market initiatives that have helped shape many of the methods applied to collateral management and derivatives margin management that are used today," said Art Certosimo, executive vice president and head of Broker-Dealer and Alternative Investment Services. "He will collaborate closely with clients to ensure that we develop the solutions they need in this time of high volatility, which poses both challenges and opportunities."

Higgins has more than 10 years experience in the margin and collateral management business, most recently at Lombard Risk where he served as product manager helping to design and develop the Colline Collateral Management platform. The Colline platform has since been incorporated within The Bank of New York Mellon's derivative margin management service, helping clients meet daily margin management requirements.

The Bank of New York Mellon is the leading provider of tri-party collateral management services, servicing more than $1.6 trillion in tri-party balances worldwide with coordinated 24-hour operations and service hubs in New York, Brussels and Singapore.

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.