Custodian of Year goes to BNY Mellon Asset Servicing
Mellon Transition Management wins top honours for second year

LONDON, March 18, 2009 — The Bank of New York Mellon has again achieved industry recognition at the Global Pensions Awards 2009. At an awards ceremony in London, Mellon Transition Management, the transition management specialist for BNY Mellon Asset Management, was named "2009 Transition Manager of the Year" for the second successive year, and BNY Mellon Asset Servicing was named "Custodian of the Year".

"We are pleased to be recognised once again by Global Pensions and the pension funds around the world who determined this year's winner," said Mark Keleher, chief executive officer of Mellon Transition Management. "It's certainly a tribute, not only to my team, but to the fiduciary model of transition management. The combination of the credit crisis and the increased volatility of the financial markets have accelerated the move of institutional investors to transition managers such as us that act as fiduciaries during transitions."

Keleher said he is continuing to see market share growth with volumes compounding at more than 40 percent annually over the last three years. He added, "In 2008, we continued to grow in terms of personnel and opened an office in Sydney, Australia. This year, we are continuing to add resources around the globe and expect to continue to add to staff during the second and third quarters of 2009."

These awards follow BNY Mellon Asset Servicing's strong showing in the annual R&M Global Custody Survey, published earlier this month, in which BNY Mellon was ranked in first place in five categories - a feat matched by only one other provider - in the latest annual R&M Survey of custody clients and fund managers.

Nadine Chakar, Head of EMEA, BNY Mellon Asset Servicing, summarised the achievement: "Receiving this award during such a tumultuous period is testament to the strength of our business model and commitment to service quality. These are difficult times for our clients and they need a trusted partner who they believe to be resilient and financially sound. We will continue to do what we do best, deliver outstanding client service, invest in cutting-edge technology, pioneer new innovative products and attract and retain the best talent the industry has to offer."

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 $20.2 trillion in assets under custody and administration, $928 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.

Mellon Transition Management is a division of The Bank of New York Mellon. This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source The Bank of New York Mellon as at 31 December 2008 unless otherwise stated. This press release is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch office: One Canada Square, London E14 5AL Authorised and regulated in the UK by the Financial Services Authority.
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