Will Oversee Service Levels across Investment Boutiques

BOSTON & LONDON, February 23, 2010 — John F. Herlihy has been named managing director, broker/dealer relations, for BNY Mellon Asset Management, with responsibility for leading the business' relationships with broker/dealers across its investment boutiques.  In this newly created position, Herlihy reports to Scott E. Wennerholm, chief operating officer of BNY Mellon Asset Management.

"We are excited about the opportunity to further enhance our interactions with the broker/dealer community," said Wennerholm. "BNY Mellon Asset Management is one of the largest global money managers, and given the scale and scope of our business we believe that there is tremendous opportunity to continuously improve our operations for the benefit of our clients.  We are delighted to appoint John to this new position."

In his new role, Herlihy will provide a global perspective across the individual investment boutiques' relationships with broker/dealers, with a focus on driving higher levels of efficiency and effectiveness in service, execution and risk management. Additionally, Herlihy will provide a single point of contact for broker/dealers as the business develops strategic initiatives going forward.

Herlihy had been managing director, global client management, for BNY Mellon since 2005, with responsibility for building strategic relationships with its top institutional clients in the broker/dealer, investment management and insurance industries.  Before joining BNY Mellon, he was at AT&T Business Services, where he held a range of positions, including sales management, marketing, operations and general management.

He received his bachelor's degree from St. Lawrence University and was a senior fellow in the Emerging Leaders Program at the University of Massachusetts.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). 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 $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.

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