Contact: Mike Dunn
(212) 922-7859
dunn.mg@mellon.com

Boston, September 20, 2007 -- Standish Mellon Asset Management Company LLC, an investment subsidiary of The Bank of New York Mellon Corporation, today announced that Peter Vaream has joined its active core fixed income team as a senior portfolio manager. In this newly created position, Vaream will manage high-grade portfolios and will report to Cathy Powers, director of active core fixed income strategies.

“We are very happy that Peter Vaream has joined the firm,” said Powers.  “We expect that his deep experience and knowledge of fixed income markets will be a major asset as we examine investment opportunities in the current volatile markets.”

Previously, Vaream worked 14 years at MFS Investment Management in Boston, where he managed a variety of fixed income products and was a senior member of the firm’s fixed income strategy group. He also worked at The First Boston Corporation in New York and Boston in the investment banking and fixed income departments. Vaream holds a bachelor’s degree in finance from New York University.

With more than $160 billion in assets under management, Standish Mellon provides investment solutions for a wide variety of sophisticated investors across a broad spectrum of fixed income capabilities.  These include absolute return strategies, high income/high yield, emerging market debt, global fixed income, core/core plus, municipal/tax sensitive, beta strategies, short duration and stable value strategies.  Headquartered in Boston, with offices in Pittsburgh and San Francisco, Standish Mellon is one of 19 investment subsidiaries that comprise the BNY Mellon Asset Management business.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 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 and treasury services through a worldwide client-focused team.  It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at www.bnymellon.com.