LONDON, July 20, 2010 — BNY Mellon Asset Servicing has announced that Peter Craft is to join the company later this year as the new Head of its Trustee & Depositary business within the EMEA region.

Craft was formerly Head of Trustee & Depositary Services at The Royal Bank of Scotland (RBS), responsible for RBS' trustee/management company service to the UK, Luxembourg and Dublin. He had been with RBS since 1974.

Frank Froud, Head of Europe, Middle East & Africa (EMEA) at BNY Mellon Asset Servicing, said: "We are delighted that Peter has decided his future is with BNY Mellon. Peter's career has been a long and distinguished one, and his name has become synonymous with the trustee and depository business. He is simply the best person to help us build our business and has an excellent platform on which to do so. Peter's decision to join us serves to underline BNY Mellon's long-term strategic commitment to the trustee and depository business."

Peter Craft said: "I am extremely pleased to be joining the BNY Mellon team, particularly at this exciting time for the funds industry. I believe BNY Mellon has the commitment, attitude and resources to assist clients in these challenging times and I very much wanted to be part of such an organisation. I look forward to taking up my new post and joining the team."

Craft's appointment follows the recent hiring of Pat Hobbs, formerly Head of UK Sales at RBS (Luxembourg) SA, who joined BNY Mellon's Trustee & Depositary business as Head of Sales and Client Management in June.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

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.

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source The Bank of New York Mellon unless otherwise stated as at March 31, 2010.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority