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

New York, United States , 2006-06-26

The Bank of New York, a global leader in securities servicing, has appointed Chong Jin Leow as managing director and head of investor services in Asia. Mr. Leow, who will be based in Singapore, will be responsible for managing the Bank's growing investor services business in the Asia-Pacific region.

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

Kenneth A. Lopian, senior executive vice president, said, "The Bank of New York has built a strong franchise across Asia-Pacific and has extremely attractive growth opportunities for delivering a broad array of investor services to institutions in the region. Chong brings more than 20 years of related experience to the position and an impressive understanding of what today's clients demand from investor services providers. His appointment delivers a strong sign of our commitment to Asia and significantly enhances our ability to implement our strategic priorities."

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

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, asset management, and private banking. 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.

Contact

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