Mellon Financial Corp. Among Black Professionals Magazine's Top 25 Companies for African Americans

PITTSBURGH, Aug. 18 /PRNewswire-FirstCall/ -- Black Professionals Magazine has named Mellon Financial Corporation one of its "Top 25 Companies for African Americans," a list that will appear in the magazine's Fall 2005 issue that focuses on careers. To determine its top 25, Black Professionals Magazine surveyed 500 of America's major corporations and looked at representation of African Americans in senior and middle management, as well as on corporate boards; the type of corporate diversity programs in place; and overall workforce diversity initiatives.

"Workforce diversity positively influences the corporate bottom line, and it is essential in keeping companies globally competitive," said L.P Green II, publisher of Black Professionals Magazine. "We know that diversity initiatives have taken great strides in corporate America, but there is room not only for acknowledgment, but improvement. We applaud those companies that have set the standard and have become leaders in the effort."

"We value diversity at Mellon, and our formal diversity initiatives led by the Mellon Diversity Council has made terrific progress toward our goal of creating an inclusive environment in which everyone fully participates," said Mellon Chairman and Chief Executive Officer Martin G. McGuinn, who also serves as chair of the Mellon Diversity Council. "To be recognized like this by Black Professionals Magazine is gratifying validation of our efforts and the commitment our employees throughout the Corporation have made to this important endeavor."

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.2 trillion in assets under management, administration or custody, including $738 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at http://www.mellon.com/.