New role created to drive global product innovation; Gregory Roath named new Head of Asia-Pacific for Depositary Receipts

NEW YORK, May 5, 2010 — BNY Mellon, the global leader in asset management and securities servicing, has appointed Christopher Kearns as Global Product Manager for its Depositary Receipts business. Kearns was previously head of BNY Mellon's DR business in Asia-Pacific and has been replaced in that role by Gregory Roath.  Kearns will continue to report to Michael Cole-Fontayn, chief executive officer of BNY Mellon Depositary Receipts, and has relocated from Hong Kong to New York for the new assignment.

Kearns will be responsible for global business strategy and product development.  He has more than 20 years experience in the banking industry.  He joined BNY Mellon in London in 1989 in the company's International Private Banking Division and moved to the depositary receipts division in 1991.  In 2003 Kearns moved to Hong Kong to lead sales and marketing for depositary receipts in Asia and was named business head for the region in 2008.

"Chris has outstanding business judgment and has achieved tremendous results in Asia where our business has a 56% market share on all DR transactions.  His global acumen will play an integral role as we continue to drive innovation across the industry," said Cole-Fontayn.  "Investors are increasingly using depositary receipts to access global equities as they seek new investment opportunities, as evidenced by a continued shift in the flow of funds from developed to emerging markets.  Under Chris' leadership, we will continue to develop new products that will bring these opportunities to market for savvy investors to explore."

Based in Hong Kong, Greg Roath previously headed BNY Mellon's DR division in North Asia, where he was responsible for relationship management and new business development.  He first joined BNY Mellon in New York in 1999 and before relocating to Hong Kong spent seven years in London overseeing business development and relationships in Central Europe, Russia, Ukraine and Kazakhstan.  Prior to BNY Mellon, Roath worked for the U.S. Agency for International Development in Croatia and Bosnia-Herzegovina.

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.bnymellon.com/dr.

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 $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Learn more at www.bnymellon.com.