The Bank of New York Company, Inc.'s Pershing Unit Recognized with CIO Magazine Bold 100 Award

CIO magazine recognized Pershing for its commitment toorganizational change and the bold steps the firm has taken tostandardize and continuously improve its technology developmentmethodology. For example, Pershing earned global Capability MaturityModel (CMM) Level 3 certification and implemented an InformationTechnology Infrastructure Library-based framework for analyzing itstechnology services. These efforts enabled Pershing to streamline andimprove the quality of the technology solutions the firm provides toits introducing broker-dealer and independent registered investmentadvisor customers.

"Pershing's recognition as a Bold 100 organization highlights ourcommitment to continuously improving the technology products andservices we provide to our customers," said Suresh Kumar, chiefinformation officer, Pershing. "We will remain focused onstrengthening our technology infrastructure and deliver leading-edgetools and solutions, enabling our customers to focus more attention ontheir core business strategies and building client relationships."

Pershing is a leading global provider of clearing and financialservices outsourcing solutions to more than 1,100 institutional andretail financial organizations and independent investment advisors whocollectively represent nearly 6 million individual investors. Locatedin 22 offices worldwide, Pershing provides customers with innovativetechnology solutions and a wide range of value-added products andservices, including asset-gathering products and managed accountservices, extensive trading and financing capabilities, and websitedevelopment. Pershing LLC (member NYSE/NASD/SIPC) is a member of everymajor U.S. securities exchange and its international affiliates aremembers of the Frankfurt, Irish, and London Stock Exchanges. PershingLLC is a member of BNY Securities Group and a subsidiary of The Bankof New York Company, Inc. BNY Securities Group is the global agencybrokerage, clearing and financial services outsourcing sector of TheBank of New York Company, Inc.

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,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide. Additional information is available atwww.bankofny.com.