Mellon Transition Management Expands Global Capabilities

SAN FRANCISCO and LONDON - Business Volume Continues to Grow Rapidly for Award Winning Group

Mellon Transition Management (MTM), the transition management specialist
for BNY Mellon Asset Management, has announced the appointment of Tim
Wilkinson and his team of transition management professionals to its
award-winning global business.

The seven-strong group joining MTM will be based in London, increasing
the global team representing the business to 50. The team had been part of
Citi Transition Management, the transition management business of Citigroup
Markets Ltd.

Wilkinson has been named Managing Director for Europe, the Middle East
and Africa for MTM. At Citi, Wilkinson was a Managing Director and
established the transition management business for Citi in the Asia Pacific
region and EMEA. He will help drive the growth of MTM in the EMEA region
alongside Director Mark Dwyer, who is responsible for sales and who has been
instrumental in the growth and success of the MTM business in EMEA. Citi
veteran, Toby Goold, will join Dwyer in the sales effort as Director.

Project Managers joining from Citi include Greg Metzmacher and Raymond
Pestana, both as Directors, and Andrew Cooper, as vice president. Robert
Dixon and Chloe Wilson will also join the team, as Associates.

“We are pleased to add these talented individuals who have significant
experience in building transition management businesses in both EMEA and
Asia-Pacific,” said Mark Keleher, chief executive of MTM. “They will
complement our presence in both London and Sydney, Australia, as we continue
to expand. Tim will work closely with both myself and Christine Carr Smith,
our president and chief operating officer, in defining the footprint for our
continued growth globally.”

Keleher said the transition management business is being heavily
influenced by the credit crisis and market volatility. “As a result of these
factors, transition managers such as MTM, which operate under the fiduciary
model, are benefiting because of their commitment to transparency,” he said.
“We are continuing to add market share and our volumes have compounded at
more than 40 percent annually over the last three years. Last year, the EMEA
and Australian elements of our business grew at almost three times the rate
of our U.S. and Canadian-based businesses.”

Mellon Transition Management was recently named “2009 Transition Manager
of the Year” for the second successive year at the 2009 Global Pensions
Awards. The business has been ranked as one of the top two providers
worldwide by Global Investor every year for the past four years. Plan Sponsor
awarded MTM more “Best in Class” Awards than any other provider in 2008.

Notes to Editors

The Bank of New York Mellon Corporation 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. The company 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 US$20.2 trillion in
assets under custody and administration, US$928 billion in assets under
management, services more than US$11 trillion in outstanding debt, and
processes global payments averaging US$1.8 trillion per day. Additional
information is available at www.bnymellon.com.

Source: The Bank of New York Mellon Corporation

Mike Dunn, +1-212-922-7859, mike.g.dunn at bnymellon.com, or Sara Deutscher, +44-20-7163-2744, sarah.deutscher at bnymellon.com, both of The Bank of New York Mellon Corporation