BNY PERSHING TO PROVIDE CLEARING FOR NORDNET BANK

Posted February 4, 2009

JERSEY CITY, N.J. -- Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, will provide clearing and trading services solutions to Stockholm-based online broker Nordnet Bank AB for Australian, Canadian, UK and US dollar equities.

“We selected Pershing because of its global reach and robust clearing and execution services in more than 65 markets worldwide,” says Martin Andersson, Head of Trading at Nordnet. “Pershing’s experience and breadth of services and solutions will provide us with the support we need to achieve continued success.”

Pershing’s agreement with Nordnet represents its first clearing relationship in Scandinavia and builds upon nearly a century of business growth in the Nordic region for The Bank of New York Mellon. The agreement also extends Pershing’s international reach and reflects its long-term commitment to continue working closely with many of the world’s leading institutional and retail financial organizations to help them grow their businesses.

“Nordnet is one of the largest and most highly regarded financial institutions in Sweden,” says Frank La Salla, Managing Director of the Global Securities Services group at Pershing. “We are confident that our consultative approach, trading solutions and expertise will help them better serve their clients and grow their business.”