BoNY Mellon Q3 Results

The Bank of New York Mellon Corporation (NYSE:BK) today reported income from continuing operations of $305 million, or $0.26 per share, in the third quarter of 2008. This compares to income from continuing operations of $642 million, or $0.56 per share, in the third quarter of 2007 and $302 million, or $0.26 per share, in the second quarter of 2008.

BoNY Mellon Asian Appointment

The Bank of New York Mellon, the global leader in asset management and securities servicing, has appointed Lee B. Stephens to the position of Chief Administrative Officer for the Asia Pacific region. Stephens will report to Chris Sturdy, Chairman of Asia Pacific.

Stephens joined The Bank of New York Mellon in 1990 and was most recently a member of the Global Client Management team where, as Executive Vice President and Head of Public Sector Banking, he spearheaded the company's efforts in the U.S., covering key supranational, government, municipal, endowment & foundation and other public tax-exempt enterprises.
I
n his new role, Stephens will help drive the development and build-out of the region's infrastructure to support the company's governance and growth initiatives across Asia Pacific.

"As Asia's dynamic, high-growth markets continue to develop and offer new and growing business opportunities, we have looked to enhance our management platform," said Chris Sturdy, Chairman of Asia Pacific, The Bank of New York Mellon. "Lee has an excellent reputation for diligence and a proven ability to coordinate across business lines and shared services. As we plan to accelerate our business further in Asia, he will be a valuable addition to our capabilities - both for the company and for our clients."

Bank of New York Mellon Treasury ceo

The Bank of New York Mellon (NYSE:BK) today announced the appointment of Eric Kamback as chief executive officer of its Treasury Services group. Previously deputy head of Treasury Services, Kamback assumes responsibility for the company's global payments, trade services and cash management businesses, succeeding Robert W. Stasik, who is retiring after 35 years of distinguished service to pursue other opportunities.

Kamback joined The Bank of New York Mellon in 1980, and has had a significant role in the growth of a broad range of The Bank of New York Mellon businesses, including mutual funds, asset servicing, corporate trust, and shareowner services. In recent years he has focused on the development of technology-driven products and services, notably in the areas of global mass payments, global remittances and image-based deposit products, and increasing the global presence of the Treasury Services group, significantly expanding its client base in Europe, Asia and the Middle East, as well as the Americas.

A frequent speaker at international conferences and a featured participant at industry roundtables around the world, Kamback has fostered a business-wide focus on industry leadership and participation, facilitating Treasury Services group involvement in a number of domestic and global industry organizations.

U.S. Banking Women

The top women in U.S. banking according to U.S. Banker magazine.

APPENDIX A: The 25 Most Powerful Women in Banking
Heidi Miller
CEO, Treasury and Securities Services
JPMorgan Chase

Barbara Desoer
President, Mortgage, Home Equity and Insurance Services
(ranked based on prior role as Chief Technology and Operations Officer)
Bank of America

Carrie Tolstedt
Senior EVP, Community Banking
Wells Fargo

Pamela Joseph
Vice Chair, Payment Services, U.S. Bancorp
Chairman, Elavon
U.S. Bancorp

Sallie Krawcheck
Chairman and CEO
Citi Global Wealth Management
Citigroup

Karen Peetz
CEO of Issuer, Treasury, Broker-Dealer and Hedge Fund Services
(ranked based on prior role as CEO of Global Corporate Trust)
The Bank of New York Mellon

Mollie Hale Carter
President and CEO
Sunflower Bank

Diane D'Erasmo
EVP and Regional President, Commercial Banking
HSBC Bank USA

Sheila Schauer
President and CEO
Four Corners Community Bank

Charlotte McLaughlin
President and CEO, PNC Capital Markets
The PNC Financial Services Group

Catherine Keating
CEO, U.S. Private Bank
JPMorgan Chase

Diane Reyes
Global Treasury and Trade Sales Head
Global Transaction Services
Citi

Amy Woods Brinkley
Global Risk Executive
Bank of America

Diane Thormodsgard
Vice Chairman and Head of Wealth Management
and Securities Services
U.S. Bancorp

Kathleen Murphy
CEO, ING US Wealth Management
ING Group

Iris Chan
EVP, Head of Commercial Banking
Wells Fargo

Barbara Stymiest
COO
Royal Bank of Canada

Deanna Oppenheimer
CEO, UK Retail Banking
Barclays Bank PLC

Beth Mooney
Vice Chair, Community Banking
KeyCorp

Cynthia Smith
SVP and Director of BankCard Products and Services
Zions Bancorporation

Ellen Alemany
CEO
RBS Americas

Ranjana Clark
Senior EVP and CMO
Wachovia

Alberta Cefis
EVP and Group Head, Global Transaction Banking
Scotiabank

Jacque Fiegel
EVP and COO
Coppermark Bank

Lisa Binder
President and COO
Associated Banc-Corp

APPENDIX B: The 25 Women to Watch
Colleen Johnston
Group Head, Finance and CFO
TD Bank Financial Group

Carol Nelson
President and CEO
Cascade Financial Corp.

Avid Modjtabai
CIO
Wells Fargo

Elyse Weiner
Managing Director, Global Head of Liquidity and Investments
Global Transaction Services
Citi

Maura Markus
EVP, Head - International Consumer Banking
Citi

Lynn Pike
President
Capital One Bank

Mary McDowell
President and CEO
CitiFinancial North America

Leslie Godridge
EVP, Head of National Corporate and Institutional Banking
U.S. Bank

Lisa Banner
SVP, Executive Private Banking Manager
Zions First National Bank

Carmen Jordan
SVP, Corporate Energy Services Division Manager
Amegy Bank of Texas

Diana Starcher
Group EVP and Director, Customer Service, Sales and Operations
Wells Fargo

Ellen Costello
CEO
Harris Bankcorp

Catherine Smith
CEO, US Insurance
ING Group

Julie Monaco
Head of Global Transaction Services, North America
Citi

Katrina King
SVP, Treasury Management Sales Manager
Amegy Bank of Texas

Lisa Lane White
SVP and Senior Director of Innovative Solutions
Synovus

Anne Finucane
Chief Marketing Officer
Bank of America

Cece Sutton
EVP, Head of Retail and Small Business Banking
Wachovia

Karen Lee Hail
Senior EVP and COO
MidSouth Bancorp

Cara Heiden
Co-President, Wells Fargo Home Mortgage
Wells Fargo

Susan Horton
Chairman, CEO and president
Wheatland Bank

Donna DeMaio
President and CEO
MetLife Bank

Lori Chillingworth
SVP and Business Banking Director
Zions First National Bank

Mary Tuuk
EVP and Chief Risk Officer
Fifth Third Bancorp

Deloris Sims
President and CEO
Legacy Bank

APPENDIX C: The Top 3 Banking Teams
U.S. Bancorp
Zions National Bank
Citigroup

APPENDIX D: The Top 25 Nonbank Women in Finance
Nicole S. Arnaboldi
Vice Chairman, Alternative Investments
Credit Suisse

Clara Furse
CEO
London Stock Exchange

Stacy Bash-Polley
Partner and Managing Director
Co-Head of Fixed Income Sales in the Americas
Goldman Sachs

Abigail Johnson
President, Personal and Workplace Investing
Fidelity

Clare R. Scherrer
Partner and Managing Director
Goldman Sachs

Maliz Beams
President and CEO TIAA-CREF Individual and Institutional Services
EVP, Institutional and Individual Client Services
TIAA-Cref

Anne Stausboll
Interim Chief Investment Officer
CalPERS

Wei Christianson
Managing Director and China Chief Executive
Morgan Stanley

Joyce A. Phillips
President and Chief Operating Officer
American Life Insurance Company (ALICO)

Renu Sud Karnad
Joint Managing Director
Housing Development Finance Corporation Limited, India

Marjorie Magner
Managing Director
Brysam Global Partners

Candace Browning
President, Global Research
Merrill Lynch

Carla J. Brooks
Managing Director/Deputy Portfolio Manager
Commerce Street Capital LLC

Renuka Ramnath
Managing Director and CEO
ICICI Venture Funds Management Company Limited

Margaret Keane
President and CEO, Retail Consumer Finance Unit
GE Money-Americas

Barbara Goodstein
EVP Marketing, Chief Innovation Officer and CMO
AXA Equitable

M. Elaine Crocker
President
Moore Capital Management

Lisa M. Weber
President, Individual Business
MetLife, Inc.

Anne Dias Griffin
Founder and Managing Director
Aragon Global Management LLC

Karen Finerman
Founder
Metropolitan Capital

Christine L. Reilly
President
CIT Small Business Lending Corporation

Susan Shaffer Solovay
CEO
Pomegranate Capital

Eileen Murray
President
Duff Capital Advisors

Joan Kelly
Group Executive, Systems Delivery,
MasterCard Global Technology and Operations
MasterCard Worldwide

Diane Offereins
Executive Vice President and Chief Technology Officer
Discover Financial Services

Microsoft BizTalk for ING Investment Management

Microsoft Corp. announced today at Sibos 2008 that ING Investment Management has chosen Microsoft BizTalk Server 2006 to enable SWIFT connectivity into The Bank of New York Mellon Corp. (BNYM), the settlement counterparty appointed by ING for back-office operations. Having completed the proof of concept, the project is due to go live by the end of 2008 and will enable a timely transfer of settlement instructions and receipt and reconciliation of messages from BNYM. Coupled with a reduction in the number of parties involved in the transaction, these methods are expected to transform ING Investment Management's securities and payments processing to provide a significant, highly efficient message processing structure.

Using Microsoft BizTalk Server including BizTalk Accelerator for SWIFT, ING will gain the ability to exchange the complete set of ISO 15022 securities and payments messages directly from their internal applications to increase straight-through processing (STP), support compliance needs and reduce risk.

"We were looking for a solution where we could maintain our existing ING architecture, and one that was cost effective, easy to implement and offering more control and visibility of our business processes," said Thomas Schreier, senior vice president, Information Technology, ING Investment Management. "Microsoft's BizTalk Accelerator for SWIFT achieves all of this without adding complexity or causing disruption to our existing business operations. Microsoft's solution provides us with the required interoperability, reliability and flexibility for rapidly creating and deploying SWIFT-based financial messaging solutions as well as meeting our customers' needs more efficiently and effectively."

In addition, by using Microsoft BizTalk Server, ING will be able to efficiently transmit information to and from a newly established, centralized data storage system. This system will allow the firm to handle the expected increase of transactions that the business will face in the future as part of its expansion plans.

"The investment management industry is changing at a rapid pace," said Dayle Scher, research director, Investment Management, TowerGroup. "Asset managers need to support increasing volumes and support new securities and portfolio strategies. By outsourcing back-office operations, some of the pressure placed on the operations area can be relieved, allowing the firm to focus on its core activities of investing and providing value to its customers."

New Trading Terms

ASG Software Solutions
rovider of integrated solutions for enterprise archiving and records management
Bank of New York Mellon
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, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt.
BCG
Boston Consulting Group
BNY ConverEx Group
provides global institutional agency brokerage and investment technology solutions to institutional clients worldwide.
Boston Consulting Grou
Global management consulting firm and advisor on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization.
CapitalSource
Commercial lender offering focused lending products serving clients in the middle market
Highline Financial
Provider of web-based banking data and software
OIC
Optionss Industry Council
Options Industry Council
An industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and The Options Clearing Corporation.
Radar Logic
A real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions.
Satyam Computer Services
Consulting and information technology services .

Bank Of New York Mellon Awards

The Bank of New York Mellon has received first-place rankings in all major categories in Global Investor magazine's 2008 Foreign Exchange Survey, including Best FX Service Overall. Survey respondents represent a broad sampling of global asset managers and hedge funds. Results of this year's survey appear in the March issue of Global Investor.


The Bank of New York Mellon received an unprecedented 24 first-place rankings in this year's survey across all principal areas of FX service, including best FX service overall for real money and hedge fund investors; best research and trading in developed, Asia-Pacific and emerging markets; best FX strategy solutions; best sales coverage; best risk management; and best portfolio management technology.

"When we introduced ourselves as a new company last year, we asked the question, 'Who's helping you?'," said Jorge Rodriguez, managing director and head of global foreign exchange sales for The Bank of New York Mellon. "As this year's survey results indicate, we're redefining the notion of helping our clients. By successfully executing our integration plan, we're moving our business to entirely new levels of capability and performance."

Examples of FX product and service innovations introduced since the debut of The Bank of New York Mellon's Global Markets division last year include the daily distribution of currency research focused on new geographies, the development of a proprietary on-line hedging platform, and a significant expansion of trading activities involving frontier market currencies.

The Global Markets division encompasses The Bank of New York Mellon's foreign exchange, interest-rate and equity risk management businesses. Maintaining nine sales and trading desk locations around the world and active in more than 100 currency markets, Global Markets is a major presence in world financial centers and provides a full array of trading, research and e- commerce products to institutional fund managers, corporations and government entities throughout the world. Additional information is available at www.bnymellon.com/globalmarkets.