NEW YORK, April 12, 2010 — BNY Mellon, the global leader in asset management and securities servicing, has appointed James Malgieri as chief executive officer of Broker-Dealer Services.  BNY Mellon Broker-Dealer Services is the industry leader in collateral management solutions for dealers and investors and provides global securities clearance services in more than 100 markets globally.

Malgieri will report to Art Certosimo, senior executive vice president and head of Broker-Dealer and Alternative Investment Services at BNY Mellon.

Malgieri, who joined BNY Mellon in 2002, was most recently executive vice president and head of product management for Collateral Management Services, where he was responsible for strategic direction, product development and sales support globally.  He has over 25 years of industry experience and has been an active leader in several industry associations and initiatives, including the Securities Industry Association, Fixed Income Clearing Corporation, Bond Market Association, and the Payments Risk Committee Task Force on Tri-Party Repo Infrastructure.

"Jim has been instrumental in driving growth and market share gains in our business, as well as delivering outstanding service to our clients during extremely challenging times," said Certosimo.  "Moving forward, we need a leader who understands the evolving needs of our clients and will drive the development of solutions that help them succeed.  Jim is the ideal choice for that role."

BNY Mellon Broker-Dealer Services is the leading provider of tri-party collateral management services, servicing more than $1.5 trillion in tri-party balances worldwide. It also clears fixed income and equity transactions in more than 100 markets globally and is the leading clearing agent for U.S. government securities.

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 $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  Additional information is available at www.bnymellon.com.