Thomas P. Gibbons Chief Financial Officer of The Bank of New York Mellon

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May 27, 2008, New York, USA - The Bank of New York Mellon announced that Thomas P. Gibbons, currently the Company's Chief Risk Officer, will become Chief Financial Officer, effective July 1, 2008.

Mr. Gibbons first joined The Bank of New York in 1986 and held top management positions in the capital markets business, including head of global treasury, with responsibility for asset and liability management, funding, money market trading, swaps and derivative products. Mr. Gibbons has served as Chief Risk Officer of the Company and its predecessor, The Bank of New York, for nearly a decade. Mr. Gibbons also served as Chief Financial Officer of The Bank of New York for almost a year prior to its merger with Mellon Financial. Under Mr. Gibbons' leadership, The Bank of New York dramatically enhanced its risk profile in the years leading up to the merger. In recent months, he has played a key role in helping the new organization successfully navigate unprecedented turbulence in the financial markets.

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