Kurt Woetzel of The Bank of New York Named One of Computerworld's Pre

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 26, 2005--Kurt D. Woetzel, executive vice president and chief information officer of The Bank of New York, has been named to IDG's Computerworld Premier 100 IT Leaders list for 2005. Mr. Woetzel was selected from a pool of 600 candidates that represented a broad spectrum of industries and included many of the nation's top technologists.
    Mr. Woetzel is responsible for The Bank of New York's information technology infrastructure and oversees the software development functions for the Bank's businesses worldwide. Under his leadership, technology development has become a critical component of the Company's overall business strategy, with a meaningful share of corporate revenues each year being invested in technology people, processes and innovation. Since joining the Bank in 1985, Mr. Woetzel has held a number of leadership positions and is responsible for the successful technical integration of more than 80 company and business line acquisitions over the last decade, creating an IT organization that is supported worldwide by over 4,000 technology professionals.
    Thomas A. Renyi, chairman and chief executive officer of The Bank of New York, said, "At The Bank of New York, our progressive and inventive use of technology is central to our ability to help institutions and individuals navigate the complexities of the global markets with unmatched ease, efficiency and confidence. Kurt has led that effort by creatively using technology to solve client problems and help them meet their objectives. His recognition as a Premier 100 IT leader is a testament to the success of our strategy and his position as a leader in the field of information technology."
    Computerworld's Premier 100 IT Leaders list honors individuals who have had a positive impact on their respective organizations by guiding the effective use of information technology to improve overall business performance. Honorees were evaluated by Computerworld's editors and a panel of outside judges, and selected based on number of factors including leadership in managing internal IT organizations, mentoring and motivating with interesting challenges and positive work environments, envisioning innovative solutions to complex business challenges, and effectively managing and executing IT strategies. More information about the Premier 100 list can be found online at www.computerworld.com/p1002005.
    The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
    Computerworld is a business unit of International Data Group (IDG), the world's leading technology media, research and events company. A privately held company, IDG publishes more than 300 magazines and newspapers, including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World and PC World. The company features the largest network of technology-specific Web sites, with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide, including LinuxWorld Conference & Expo(R), Macworld Conference & Expo(R), DEMO(R) and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.

--30--NF/ny*

CONTACT: The Bank of New York Kevin Heine, 212-635-1569

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: The Bank of New York

Copyright Business Wire 2005