New sales office opens in Hong Kong

HONG KONG, 22 October 2009 — BNY Mellon Global Markets today announced an expansion of its Asian sales coverage for global derivatives, appointing Fiona Chan to its new derivatives sales office in Hong Kong.

Chan brings more than fifteen years of institutional and sales experience to her new position, most recent service with BNP Paribas. Reporting to Steve Lawler, head of global derivatives sales in the United States, Chan will lead BNY Mellon Global Markets' derivatives sales distribution in China, Hong Kong, Singapore, Taiwan and other Asian markets. This derivatives expansion in Hong Kong complements the existing coverage of the Japanese market from the company's Tokyo office.

"The global financial crisis has given investors a new perspective towards derivatives products. The futures and options market is viewed as part of the solution worldwide, and in particular, the use of derivatives is accelerating in Asia as more corporations are discovering their needs for risk management," said Chris Sturdy, Chairman of Asia-Pacific, BNY Mellon. "With the trend of flight to quality, BNY Mellon is well positioned to capture the opportunities in the changing market landscape. We are committed to growing our business by cultivating local leadership and we believe Fiona's experiences in the derivatives space will be a great asset and enhancement to our presence in Asia."

BNY Mellon Global Markets encompasses the foreign exchange, interest-rate and equity risk management businesses of BNY Mellon, including global trading and sales activities. BNY Mellon is a premier foreign exchange provider, trading in over 100 currency markets around the world. In Asia-Pacific, BNY Mellon has four trading rooms in Hong Kong, Seoul, Taipei and Tokyo offering and trading foreign exchange, money markets, foreign exchange derivatives and interest rate derivatives. Additional information is available at http://gm.bankofny.com. Foreign exchange and other Global Markets products and services are provided by subsidiaries of BNY Mellon.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon 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. BNY Mellon 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 $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.