NEW YORK, April 1, 2008 — The Bank of New York Mellon today announced that Gary M. Strumeyer has been appointed president of its Capital Markets subsidiary, soon to be named BNY Mellon Capital Markets, LLC. Strumeyer replaces Ian Stewart, who is now serving as chief operating officer of Global Client Management at The Bank of New York Mellon.

A veteran senior manager with more than 20 years of company service, Strumeyer is a former adjunct professor of economics and finance at New York University's School of Continuing and Professional Studies. A thought leader in fixed income securities, Strumeyer has authored books published by Barron's and John Wiley. He recently served on the Corporate Debt Market Panel of The Financial Industry Regulatory Authority (FINRA), which made recommendations to FINRA's Board of Governors regarding best ways to ensure market integrity and investor protection in the corporate bond market.

The Bank of New York Mellon's Capital Markets subsidiary specializes in the trading and sale of high-grade fixed-income securities to high-net-worth and institutional clients. Working closely with key customers, Capital Markets underwrites debt and equity securities in niche markets and provides short-term investment opportunities to corporate and institutional clients.

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.