New role will focus on company-wide learning culture and implementing 'BNY Mellon University' strategy

BOSTON, June 24, 2013 — BNY Mellon, the global leader in investment management and investment services, announced that Dave DeFilippo has been named to the newly created role of Chief Learning Officer. DeFilippo will be based in Boston and report to Karen Peetz, BNY Mellon president.

As Chief Learning Officer, DeFilippo will oversee development and implementation of the company's 'BNY Mellon University' concept, aimed at fostering an active and on-going learning culture across the firm and its more than 50,000 employees worldwide.

The university will comprise six academies, each addressing a corporate learning and development need and each led by its own 'dean.' Three other branches will support specialized training for BNY Mellon's investment services and investment management businesses, plus its business partner groups.

"From public education to the private sector Dave's entire career has been devoted to learning, so this new role is a natural culmination for him," said Peetz. "With Dave at the helm, we can now move forward our BNY Mellon University strategy to enhance opportunities to learn that span the different stages and dimensions of employees' careers.

"BNY Mellon University is all about developing our talented staff members. Dave and his team will bring the concept to life to help their colleagues learn, grow and thrive in the workplace," Peetz added.

Since joining BNY Mellon in 2007 from Bank of America, DeFilippo has served in key learning and development roles for its investment management business. Prior to that, he led similar efforts at Capital One Financial and Comcast. He regularly speaks and writes about leadership development, executive coaching, and talent management and has been recognized with several industry awards. DeFilippo's early career included teaching and coaching at the high school level. He recently defended his doctoral dissertation and will receive his Ed.D. from the University of Pennsylvania this summer.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at bnymellon.com, or follow us on Twitter @BNYMellon.