Dominick Falco appointed as President and Chief Executive Officer of BNY Mellon's Japanese Trust Bank subsidiary

Jun 9, 2010

TOKYO, 9 June 2010 — BNY Mellon, the global leader in asset management and securities servicing, has appointed Dominick Falco as President and Chief Executive Officer of its Japanese Trust Bank subsidiary.

Falco has over 20 years experience in the securities industry, 17 of which have been while working in Asia. In his new role, Falco will report to James Maitland, head of BNY Mellon's international corporate trust business based in London. His primary focus will be on deepening BNY Mellon's range of corporate trust services available to Japanese institutions. BNY Mellon currently provides trust and asset securitization services for Japanese corporate clients, including asset trustee, cash management and fiscal agency services.

Falco began his career at Morgan Stanley in New York and established the non-Japan Asia Securities Lending desk in Hong Kong in 1990, ultimately heading the Japan and non-Japan Asia desks. He subsequently held similar positions at Macquarie Bank and NatWest Markets, focusing on Equity Finance. He was one of the founding members of the PASLA, the regional Securities Lending trade association, served as Chairman for two years and is currently on the Executive Board of the Association. He joined BNY Mellon in 2007.

"Japan continues to be an important market for BNY Mellon," said BNY Mellon's Maitland. "We see significant opportunity to deliver more value to our clients by extending our global breadth of debt capital market competencies and expertise more comprehensively in Japan."

"In Dominick, we have a very strong business leader with outstanding Japanese business credentials whose strategic insights will enhance our ability to anticipate these market opportunities and create value for our Japanese clients both domestically and overseas."

BNY Mellon has had a presence in Japan for almost four decades. The company provides a wide variety of products and services to Japanese institutional and retail investors including asset management, securities servicing and corporate trust.

BNY Mellon's corporate trust business services nearly $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.

Corporate trust providers are appointed by debt issuers as well as fund and collateral management institutions to perform a variety of services related to debt and collateral administration, safekeeping, direct cash and investment management, portfolio and transparency analytics, reporting, and final asset disposition and distribution activities.

The Bank of New York Mellon Trust (Japan), Ltd. is the legal entity of BNY Mellon's Trust Bank business in Japan. The Bank of New York Mellon Trust (Japan), Ltd. Is a wholly owned subsidiary 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 $22.4 trillion in assets under custody and administration and $1.1 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.