The Bank of New York Mellon Tops Trustee Rankings for First Quarter of 2008

NEW YORK, May 20 /PRNewswire-FirstCall/ -- The Bank of New York Mellon,
the global leader in asset management and securities servicing, was the number
one overall trustee for all U.S. debt for the first quarter of 2008, according
to data compiled by Thomson Financial, a leading provider of financial
technology and information.
The company's top trustee ranking includes lead positions across all
significant U.S. debt segments, including long-term municipal, high yield,
investment grade, convertible, asset-backed and collateralized debt.
In all, the company served as trustee for 330 issues in the first quarter,
a 29% market share, valued at more than $112 billion in proceeds. The next
closest competitor had 212 issues, an 18.7% market share, valued at
$36 billion.
Karen Peetz, senior executive vice president and head of global corporate
trust at The Bank of New York Mellon, said, "We continue to grow our
leadership position and overall market share in an extremely competitive
marketplace, which demonstrates our ability to meet the needs of issuers
across the entire range of debt segments in the United States."
The Bank of New York Mellon's corporate trust business services
$12 trillion in outstanding debt from 54 locations around the world. It
services all major debt categories, including corporate and municipal debt,
mortgage-backed and asset-backed securities, collateralized debt obligations,
derivative securities and international debt offerings. The Bank of New York
Mellon's corporate trust and agency services are delivered through The Bank of
New York and The Bank of New York Trust Company, N.A.
Corporate trust providers are appointed by corporations, municipal
governments and other entities issuing debt to perform a variety of duties,
including servicing and maintaining the debt issue, processing principal and
interest payments for investors, representing investors in defaults, and
providing value-added services for complex debt structures.
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 more than
$23 trillion in assets under custody and administration and more than
$1.1 trillion in assets under management. Additional information is available
at bnymellon.com.
SOURCE The Bank of New York Mellon Corporation

Kevin Heine of The Bank of New York Mellon Corporation, +1-212-635-1590,
kevin.heine@bnymellon.com