New role created to support accelerated business growth

HONG KONG, 14 July 2010 — BNY Mellon, the global leader in asset management and securities servicing, has appointed Michael Schroeder as Regional Manager for Broker-Dealer Services in Asia. Based in Hong Kong, he will be responsible for supporting the continued growth of the company's Broker-Dealer Services business across Asia focusing on collateral management and securities clearance.

“Demand for more efficient, risk-adverse and sophisticated collateral management and securities settlement is growing rapidly across both the developed and aspiring markets in the region," said Andrew Gordon, Executive Vice President for Broker-Dealer and Alternative Investment Services, BNY Mellon, Asia-Pacific. "It is therefore vital that we continue to invest in and grow our local team to ensure that we set new standards for broker-dealer servicing in Asia – especially from an operational efficiency and risk perspective."

Schroeder brings 20 years of experience in the securities industry including 16 years in Broker-Dealer Services. He joined BNY Mellon's New York office in 1993 and has primarily been involved in product development and product management throughout his tenure at the company. Schroeder played a lead role in the launch of the company's global tri-party repo and collateral management service, and ongoing advancement of this innovative platform.

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 handling a majority of transactions cleared through the Federal Reserve Bank of New York*, and clearing for 13 of the 18 primary dealers.

*Federal Reserve Bank of New York - Fedwire Securities High Volume Customer Report, March 2010.

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, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.