Press Release

Mellon Financial receives 48 awards for transition management

San Francisco, May 18, 2007 - Mellon Financial Corporation has announced that its Mellon Transition Management Services (MTMS) group has won 48 awards in PLANSPONSOR’s annual ranking of transition managers. The publication said the results were based on a survey of 600 users of transition management services.  In the survey, MTMS also was cited as “Best in Class” in several key categories including communication, clarity of pre-trade analysis, and number and expertise of personnel.

This was the second major recognition in less than a month for MTMS, which in April was named by Global Investor magazine as “Best Transition Manager Overall” among plans under $3 billion in assets.  Global Investor also ranked MTMS first in relationship management, operational efficiency and risk control.

“We are pleased to receive the latest round of honors from PLANSPONSOR,” said Mark Keleher, president of MTMS.  “Just as in the Global Investor awards, the readers of the publication determined which transition managers were the top performers. In both cases, these readers are our clients.  It is our intention to remain focused on providing the best possible transition solutions.”

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