The Bank of New York Mellon appoints new Country Executive for France

PR Newswire
NEW YORK
(NYSE: BK)
Jan 20, 2009

PARIS, January 20, 2009 — The Bank of New York Mellon Corporation, a global leader in asset management and securities servicing, has announced the appointment of Michael Beraha as Representative in its Paris office and Country Executive for France.

Beraha replaces Michel Sidier, who relocated to Istanbul in September as Regional Executive.

Beraha will work closely with all lines of business to promote The Bank of New York Mellon brand and its products and services to clients in France. His focus will be to ensure clients receive the full benefit of the company's leading capabilities across its broad array of products and services. As Representative and Country Executive, he will ensure the company's regulatory requirements are fulfilled in the French market.

Beraha joined The Bank of New York Mellon in 2005 and was most recently Client Executive responsible for the broker-dealer sector in Continental Europe. Prior to joining the Corporation, Beraha held a number of positions at Clearstream Banking. These included country management responsibilities for sales and relationship management in Ireland and responsibility for a number of Clearstream's largest custodian relationships globally.

Having grown up in Italy and the Principality of Monaco, Beraha attended Queen Mary College, University of London where he received a BA in European Business and Hispanic Studies. He is currently finishing an Executive MBA at Cass Business School, London, with specialties in Finance and International Management.

Woody Kerr, co-chair of Europe, Middle East & Africa at The Bank of New York Mellon, said: "The Bank of New York Mellon has had an office in Paris for 45 years, and we are more committed than ever to the French market. Under Michael's leadership we will continue to focus on delivering innovative solutions to clients to enable them to successfully navigate the complex global financial markets."

Kerr added: "I would also like to thank Michel Sidier, whose leadership has been integral to the success and growth of our business in France over the past seven years. We all wish him well in his new role in Istanbul."

The Bank of New York Mellon has maintained a representative office in Paris since 1963.

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 $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services approximately $12 trillion in outstanding debt. Additional information is available at bnymellon.com.