March 16, 2012

BNY Mellon CEO Gerald Hassell Opens New Korean Headquarters


SEOUL, 16 March 2012 — Gerald L. Hassell, chairman, president and chief executive officer of BNY Mellon, officially opened the company's new office at the International Finance Centre (IFC) Seoul in a ribbon cutting ceremony attended by employees on Wednesday.

"Today's celebrations mark the beginning of an exciting new chapter for BNY Mellon in Korea and underscore our long-term investment in the Korean market," said BNY Mellon's Hassell, speaking at the official launch. "There are many areas where further collaboration between BNY Mellon and Korean financial institutions can bring great mutual benefit. We will continue to add the best people, products and services and ensure we deliver the full breadth of our company's capabilities to support our clients in this competitive global marketplace."

The move to the state-of-the-art International Finance Centre (IFC) Seoul reflects BNY Mellon's growing presence and long-term commitment to the Korean market. The company has let the 29th floor in Tower 1, which comprises 1,531.8 sq m (16,482 sq ft), which provides additional space and world class facilities to accommodate BNY Mellon's expanding employee base, as well as strengthen its capacity to respond to increasing demand for its products and services.

Dr YS Kim, Country Executive for BNY Mellon in Korea, added: "It is our exceptional team here that delivers the high quality service our clients know us for. I would like to take this opportunity to thank our employees for their tremendous contribution in making our business in Korea a success. I feel privileged to work with such an outstanding team of people - we are very excited about the future."

BNY Mellon has been active in Korea for almost 25 years and today provides a wide variety of products and services to Korean institutions including asset management, asset servicing, depositary receipts, treasury services, corporate trust and foreign exchange services.

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, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.