Press Releases

Gunjan Kedia Named Executive Director for Investment Manager Solutions — Americas

PITTSBURGH, December 22, 2005 — Mellon Financial Corporation has appointed Gunjan Kedia to a new position as executive director for Investment Manager Solutions (IMS) — Americas. In this new position, she will oversee all IMS market-facing functions in the Americas region. She will report directly to John (Jack) L. Klinck Jr., Mellon vice chairman and IMS president.

IMS brings together Mellon's extensive and proven asset servicing capabilities to meet the technology, performance and middle- and back-office processing requirements of investment managers. With locations in the U.S., Europe and Asia, IMS operates on a global basis, and provides outsourcing and technology solutions, including investment accounting, fund administration, trade communication, and performance-analytics. Kedia will chair the executive committee of IMS Americas, as Mellon further enhances its integrated outsourcing and technology offerings to financial institutions.

"In seeking to forge ever stronger relationships with financial institutions, and investment managers in particular, Gunjan will focus on this market in the Americas region," Klinck said. "She brings tremendous talent, expertise and energy to our IMS organization."

Kedia joined Mellon in March 2004 as director of operations strategy. She is also a member of Mellon's Senior Management Committee, which supports the Executive Management Group in developing and implementing Corporatewide strategies and business plans. Previously, she was a partner at McKinsey & Company's Pittsburgh office and also worked for Price Waterhouse in Washington, D.C. A native of New Delhi, India, Kedia has a master's degree in business administration from Carnegie Mellon University and an undergraduate degree from Delhi College of Engineering.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions, and treasury services. Mellon has approximately $4.5 trillion in assets under management, administration or custody, including $766 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com.