Will expand Dublin-based private equity administration business for European clients

DUBLIN, March 26, 2008 — The Bank of New York Mellon, a leader in hedge fund administration with more than $195 billion in assets under administration, announced that Alan Flanagan has been named head of product management for Private Equity Services within the company's Alternative Investment Services (AIS) business. Flanagan will help drive development and expansion of the firm's growing private equity administration services business in Europe. He is based in Dublin and reports to Rick Stanley, executive vice president and AIS head of product management.

"Alan brings substantial expertise in both the hedge fund and private equity servicing markets," said Stanley. "Global investing in private equity continues to accelerate and diversify. The Bank of New York Mellon is expanding its European team of experts and working with our clients there to ensure we build the best solutions for their evolving administration and reporting needs."

Flanagan, a member of the Institute of Chartered Accountants in Ireland, comes to BNY Mellon from UBS Fund Services (Cayman) Ltd., where he was the head of hedge funds business development for the Americas. Prior to that, he was fund services manager for CIBC Bank and Trust Company (Cayman) Ltd., and KPMG Financial Services in Dublin.

The Bank of New York Mellon is a leading hedge fund administrator with an extensive global presence, including locations in Bermuda, Cayman Islands, Hong Kong, Ireland, Luxembourg, Singapore and the United Kingdom, as well as US offices in California, Florida, Massachusetts, New Jersey, New York and Pennsylvania. 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.

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.