February 28, 2011

BNY Mellon Announces Financial Markets & Treasury Services Leadership Team Transitions


Eric Kamback now serving as CEO of Corporate Trust, David Cruikshank heading Treasury Services, Scott Posner leading Strategic Growth Initiatives group

NEW YORK, February 28, 2011 — BNY Mellon today announced the completion of several senior leadership team transitions for its Financial Markets & Treasury Services group. Eric Kamback, previously chief executive officer of BNY Mellon Treasury Services, is now serving as CEO of Corporate Trust. J. David Cruikshank, previously head of global sales and relationship management for BNY Mellon Treasury Services, is now CEO of BNY Mellon Treasury Services. Scott Posner, previously CEO of Corporate Trust, has moved to a new role as head of Strategic Growth Initiatives for BNY Mellon's Alternative, Broker-Dealer and Treasury Services (ABTS) businesses.

In their new roles, Cruikshank and Posner are reporting to Art Certosimo, senior executive vice president and CEO of BNY Mellon's ABTS businesses. Kamback is reporting directly to Karen Peetz, vice chairman and CEO of the Financial Markets & Treasury Services group.

In addition, as part of these changes, Al Briand has been appointed chief administrative officer for the Corporate Trust business, moving from Treasury Services, where he served as head of global product management and strategic development. Briand will continue to report to Kamback.

"The businesses that make up Financial Markets & Treasury Services make strategically important contributions to BNY Mellon's success," said Karen Peetz, vice chairman and CEO of the Financial Markets & Treasury Services group. "These changes underscore our leadership team's depth of experience and position us well for future growth in today's rapidly changing business and regulatory environment."

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon 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 $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.