BNY Asset Management Introduces Consultant Relations Team.

NEW YORK -- BNY Asset Management, The Bank of New York's investment management arm, is introducing a new consultant relations team to enhance its strategic focus on the consultant community serving the asset management industry.

The team will be led by James. J. Barrett, who has been appointed managing director of Institutional Sales and Marketing, where he oversees Consultant Relations, Client Service and Mid-Market Institutional Sales. Mr. Barrett joins The Bank of New York from Northern Trust Global Investments, where he was responsible for business development, consultant relations, and client service. Prior to that, he held a variety of senior sales and financial roles at ANB Investment Management Company and American National Bank.

Reporting to Mr. Barrett will be:

--James F. Woods Jr., managing director, responsible for maintaining relationships with key institutional investment consulting firms. He joins BNY Asset Management from Pilgrim Baxter & Associates, where he was senior vice president of Institutional Client Service and Sales. He also has served in a variety of consulting, investment management and corporate finance positions at SEI Investments, Crown Cork & Seal Company and Novartis Corporation.

--M. Randall Strickland, managing director, responsible for investment management relationships with institutional consultants. Prior to joining the Bank, Mr. Strickland worked for American Century Investments in a consultant relations capacity. Previously, he led the Global Consultant Relations team at RCM Capital Management (formerly Dresdner RCM). He has also worked for Schroder Investment Management North America and Commonfund in various marketing and client service roles to the public fund, endowment and foundation markets.

--Jason Soto, vice president, responsible for consultant outreach, communications and due diligence needs. Mr. Soto worked at The Bank of New York from 1993 to 1996 and rejoined BNY Asset Management in January of 2000 in the capacity of Investment Consultant Relations. Prior to rejoining the firm, Mr. Soto was with JP Morgan Investment Management where he oversaw an analytical team responsible for servicing institutional client relationships with multiple investment strategies incorporating both traditional and alternative products.

--Michael M. Russo, manager of investment analytics. Previously, Mr. Russo was manager of Investment Analytics at John A. Levin & Co. and served in several institutional asset management and sales positions at U.S. Trust, Charles Schwab Corporation, and Sanford C. Bernstein & Company.

"These appointments significantly strengthen our dedicated focus on the consultant community and fully support our ongoing efforts to increase institutional investor awareness and understanding of our broad range of equity, fixed income and alternative investment products," said Steven Pisarkiewicz, executive vice president and Head of BNY Asset Management.

Mr. Pisarkiewicz noted that Vincent Bailey will continue in his role as managing director in charge of institutional sales and client service for the large plan market.

BNY Asset Management offers corporations, nonprofit organizations and high net-worth individuals and families a broad range of equity, fixed-income and alternative investment products. With more than $92 billion in assets under management, The Bank of New York is one of the largest investment managers in the United States, and, with its affiliates, offers investment services throughout the United States, Europe and Asia.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global financial institutions, asset managers, governments, non-profit organizations, corporations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.