Mellon Transition Management Expands Global Capabilities

Business Volume Continues to Grow Rapidly for Award Winning Group

SAN FRANCISCO and LONDON, March 24 /PRNewswire-FirstCall/ -- 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 $20.2 trillion in
assets under custody and administration, $928 billion in assets under
management, services more than $11 trillion in outstanding debt, and processes
global payments averaging $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@bnymellon.com, or Sara Deutscher,
+44-20-7163-2744, sarah.deutscher@bnymellon.com, both of The Bank of New York
Mellon Corporation