Company aiming to double Asia treasury business by 2015

TOKYO, 27 April 2010 — BNY Mellon, the global leader in asset management and securities servicing, has appointed Robert Whittemore as Head of Treasury Services – Japan.

Based in Tokyo, Whittemore will report to Richard Brown, Head of Treasury Services – Asia, located in Hong Kong. He will be responsible for managing and building BNY Mellon's delivery of payment and trade services, including trade outsourcing, USD clearing and cross-border payments, to Japanese institutions.

Brown said: "Japan is a major and growing market for BNY Mellon, as the biggest banks and even regional banks demand robust, high quality services, such as global payments, from a provider with global scale, reach, and technology, and the highest service standards. Rather than competing with them for their corporate or retail clients, our model is to access these markets through local partner banks, so we achieve win-win solutions that enable them to grow their businesses.

"Judging by our growth in Japan, especially through the global financial crisis, this model meshes perfectly with Japanese needs. It is therefore vital that we have strong local leadership in Tokyo to drive our business forward and ensure our products and services are readily available to the Japanese institutional market," added Brown.

BNY Mellon has been steadily investing in its payments and treasury business in Asia following the appointment of Brown in 2008. Chris Sturdy, Chairman of Asia-Pacific at BNY Mellon, said: "Our innovative clearing and trade finance solutions are a perfect fit for the Asian market, and we will continue to invest in the region. Japan, along with China and India, is a key pillar in our plans to more than double the size of our treasury business in Asia over the next five years."

"Asian institutions are increasingly turning to BNY Mellon because of our strong credit ratings and because of our sophisticated capabilities in the region. They believe it is vital to choose a partner which has a long term commitment to Asia. It is therefore important that we continue to invest in our on-the-ground resources and enhance our world class products so that they continue to meet the evolving needs of our growing Asia client base," added Sturdy.

Whittemore has over 24 years financial services experience and has held a number of senior sales and business roles across Asia. He worked for Bankers Trust in Tokyo for nine years and also worked for Chase Manhattan Bank in Hong Kong and Tokyo for an additional six years. Whittemore joins BNY Mellon from Rye, New York and most recently was an independent financial consultant.

BNY Mellon, which last year celebrated its 225th anniversary and has its head office at One Wall Street in New York, has been conducting business in Japan for almost 40 years. The company has the strongest credit ratings of any major US bank (Moody's Aa2, S&P AA-) and provides a wide variety of products and services to Japanese institutional and retail investors including asset management, securities servicing and corporate trust.

Through a global network of branches, representative offices and correspondent banks, BNY Mellon's Treasury Services business provides comprehensive Cash Management, Liquidity Management, Trade, Foreign Exchange and Credit services. A premier provider, it is a market maker in over 100 currencies, and its derivatives offerings include a full range of currency, equity and interest rate products.

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 $22.3 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.