The Bank of New York Appoints Chong Jin Leow New Head of Investor Services in Asia

Mr. Leow joins The Bank of New York from State Street Bank &Trust, Singapore, where he was responsible for the combined StateStreet and Deutsche Bank investor services business in all Asiancountries excluding Japan and Australia. He began his career withCitibank in 1981, holding various relationship management positionswith the bank in Singapore, Hong Kong, Brisbane, Melbourne and Sydneybefore moving to Bankers Trust Company, Singapore in 1994 where heheld senior management positions in the sales and product managementareas within Global Securities Services. In 1999, he joined DeutscheBank as head of customer management for Asia Pacific Global SecuritiesServices.

Kenneth A. Lopian, senior executive vice president, said, "TheBank of New York has built a strong franchise across Asia-Pacific andhas extremely attractive growth opportunities for delivering a broadarray of investor services to institutions in the region. Chong bringsmore than 20 years of related experience to the position and animpressive understanding of what today's clients demand from investorservices providers. His appointment delivers a strong sign of ourcommitment to Asia and significantly enhances our ability to implementour strategic priorities."

The Bank of New York offers a wide range of investor services inAsia, where it is a leader in clearing and execution, independentresearch, custody and global fund services, securities lending,collateral management, corporate trust, depositary receipts andtransfer agency services.

The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,asset management, and private banking. The Company's extensive globalclient base includes a broad range of leading financial institutions,corporations, government entities, endowments and foundations. Itsprincipal subsidiary, The Bank of New York, founded in 1784, is theoldest bank in the United States and has consistently played aprominent role in the evolution of financial markets worldwide.Additional information is available at www.bankofny.com.