Enterprise at a Glance

October 17, 2008

The Bank of New York Mellon Treasury Services Announces New Management Team

It is with delight (and admittedly, with envy) that we announce that Bob Stasik has decided to retire. Bob is the senior executive for both the Treasury Services and Issuer Services businesses. A respected leader at our company and in the treasury industry for more than 35 years, Bob is looking forward to spending a lot more time with his family and at his new home amid the mountains of Pennsylvania where skiing, fishing and hunting will replace the tumultuous daily activities of a financial executive.

We are also pleased to announce that Eric Kamback has been appointed chief executive officer of Treasury Services. Previously deputy head of Treasury Services, Eric worked side-by-side with Bob toward their common goal to combine our strong legacy businesses into one global powerhouse. Eric has been with the company since 1980 and has had a significant role in the growth of numerous businesses, including mutual funds, asset services, corporate trust and shareowner services.

In pursuit of our goals to enhance our clients' experience and achieve true outperformance, we have also made some changes to the management team within Treasury Services. Effective November 1:

1. David Cruikshank will become the head of Treasury Services Sales and assumes responsibility for all sales and relationship management activities globally.
2. Howard Bascom will serve as head of Treasury Services Global Trade Finance and assumes responsibility for Credit Support Services.
3. Joanne Scheier has been appointed the Chief Administrative Officer for Treasury Services, and will be responsible for supporting the execution of the sector's key business strategies including risk management, compliance, and audit directives. Joanne will continue as the head of the integration's client advocacy office.
4. Tony Brady will be our Domestic Cash Management Business Manager & Pittsburgh Executive Officer, overseeing all client support activities, cash management Operations and our AP outsourcing business, SourceNet Solutions. Tony will also continue to manage our integration activities until they are completed at the end of 2009.
5. Al Briand will continue in his role as Treasury Services Global Product & Strategy Business Manager while also assuming responsibility for management of our New Business Development group.
6. Michael Cross will continue in his role as Director of Marketing while also assuming additional sector marketing responsibilities.

We congratulate these individuals on the past achievements that have paved the way for their current success. And we're looking forward to the many positive impacts that their leadership will provide for our organization in the future. Please join us in congratulating our new management team.

Please note that Greg Cicero, currently the Division Head for Working Capital Solutions, will be leaving at the end of the month to pursue other interests. We thank Greg for his strong leadership, innovative thinking and his never wavering client-focused attitude. We wish Greg well in all of his endeavors.