The Big Get Bigger Faster

NEW YORK, NY--(Marketwire - September 25, 2008) - Bank of New York Mellon Corp. has opened a $7.3 trillion gap between it and No. 2 JPMorgan, placing it atop Institutional Investor's annual ranking of the top global custodians based on data reported as of that date.

The complete ranking results are available today at www.iimagazine.com

With $23 trillion, BNY Mellon is by far the world's biggest custodian, with roughly 47 percent more total custody assets than No. 2 JPMorgan's $15.7 trillion. Only two others -- Citi and HSBC Group -- have double-digit trillions of custody assets.

In terms of cross-border assets alone, BNY Mellon ranks first, with $10 trillion, followed by Citi, with $8.7 trillion.

From the time Bank of New York Co. and Mellon Financial Corp. announced plans to merge, in December 2006, until they completed the deal and Bank of New York Mellon Corp. was born, in July 2007, the banks' combined assets under custody ballooned by $3 trillion to $21 trillion. BNY Mellon then picked up a further $2 trillion from the merger through March 31.

BNY Mellon's growth is attributable at least in part to pension funds, mutual funds and other big investors eager to avail themselves of the economies of scale that only a custodial behemoth can offer. But smaller customers wanted in on the action too, to benefit from the state-of-the-art technology that bigger investors demand.

About Institutional Investor

Now entering its fifth decade, Institutional Investor has consistently distinguished itself among the world's foremost financial publications with ground-breaking journalism and incisive writing that provides "must read" intelligence for a global audience. Throughout the year, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks, informing and influencing its carefully targeted circulation base throughout the year. For more information please visit www.iimagazine.com

Contact Information: Contact: Chris Cavanagh 212-224-3369 chriscavanagh@iimagazine.com www.iimagazine.com