Company aims to double revenues in Asia by 2015

Innovation a key priority focusing on speed, transparency and security

HONG KONG, 26 October 2010 — BNY Mellon has expanded its Treasury Services team in Asia-Pacific with the promotion of Fred DiCocco as Senior Product Manager for funds transfer and appointment Agatha Tung-Gerke as Senior Product Manager for trade finance.

BNY Mellon's rapidly accelerating Treasury Services business is spearheaded by A. Richard Brown, Head of Treasury Services, Asia-Pacific, who has ambitions to double treasury services revenues from trade and payments in Asia by 2015.

"Treasury services is a core focus for BNY Mellon and we continue to expand, invest and grow on all fronts having already substantially increased our market share in Asia over the last two years," said Brown. "We've made a substantial investment in our global treasury technology platform, with a growing proportion of this investment focusing purely on Asia, which underlines our commitment to the region."

Highlights of recent and planned investments in Asia-Pacific include:

• Remit Worldwide – the latest plug-and-play web-based platform to allow local banks to efficiently handle remittances at a low cost
• China Guaranteed Same Day payments – which provide faster, more secure payments into China
• End-to-End Supply Chain Solutions – Open Account and Supply Chain processing and finance solutions designed to give market participants the tools they need to be competitive in this rapidly growing arena
• Traditional Trade Services – enhanced our abilities to offer traditional trade services to clients throughout Asia and around the world
• Asia-Specific Trade Services – enhanced our Asian Trade technology platform to provide more faster and more efficient intra-regional trade flow processing
• Foreign Exchange (FX)-related payment capabilities – which allow banks to capture end-to-end FX activities
• Global Mass Payments – which enable entities issuing large numbers of payments to efficiently handle these at low cost
• Upcoming new payments platform – the next generation of payments technology, combining the best of systems such as Cash Register Plus and Intellicash

Looking to where future growth will come from, Brown highlights BNY Mellon's trade and payments business which has seen tremendous growth over the last two years: "We are the only triple-A rated US bank and this, plus our industry-leading record for service quality and compliance, is a compelling draw for institutions."

"We have found that most Asian jurisdictions are increasingly concerned about money laundering and by being an early and conscientious adopter of the US rules, and having invested early in the technology, we have been able to protect our partners from making expensive and reputation-damaging mistakes. These trends for quality, safety and compliance have really helped us grow our market share."

DiCocco has over 20 years banking experience and joined BNY Mellon in 1998. He has supported the Asia-Pacific region for 12 years and since relocating to Hong Kong in 2006, he has held a number of senior sales roles in relation to trade and payments.

Prior to joining BNY Mellon, Agatha Tung-Gerke held a variety of senior trade finance product management positions in Asia-Pacific with HSBC, Standard Chartered Bank, and Citibank. She also served as part of the Bank of Montreal's global trade services investment banking group.

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 Asia-Pacific for over 90 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 Asian institutional and retail investors including asset management, securities servicing and corporate trust.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 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 $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.