The Bank of New York Company, Inc. and Mellon Financial Corp. announced today they have completed their merger to form The Bank of New York Mellon Corp., creating the global leader in asset management and securities servicing.

The new company trades on the New York Stock Exchange under the symbol BK.

The company ranks as one of the largest global asset managers with more than US$1 trillion in assets under management and is the world’s leading asset servicer with more than US$18 trillion in assets under custody and administration.

“Today we are establishing a global financial services growth company without peer,” said Robert Kelly, CEO of the company, in a news release. “We have leadership positions across a range of high-growth businesses, unmatched product breadth, and the ability to accelerate our global expansion through strategic investments.”

In addition to asset management and securities servicing, the company is the leading provider of corporate trust, depositary receipts, clearing and shareowner services. It ranks as a top 10 U.S. wealth manager with more than US$160 billion in client assets and is a leading U.S. cash management and global payments provider. The company has a balanced business mix, with diversified revenues and earnings across all regions of the world and a presence in the fastest-growing segments of asset management and securities servicing.

“The Bank of New York Mellon is positioned to provide superior service and value to our clients and deliver faster growth to our shareholders,” said Thomas Renyi, executive chairman of the company. “We have closed the merger on target and are now ready to execute a disciplined, thoughtful integration of our capabilities to meet the current and future demands of our clients.”

The Bank of New York and Mellon Financial announced plans to merge in December 2006, and shareholders of each company overwhelmingly approved the transaction in May. The company has annual revenues of approximately US$13 billion and pro-forma market capitalization of approximately US$50 billion. The company is headquartered in New York and has 40,000 employees around the world.