Marcato Capital Management Releases Additional Materials to Shareholders of The Bank of New York Mellon

SAN FRANCISCO, April 7, 2015 /PRNewswire/ -- Marcato Capital Management LP ("Marcato"), a San Francisco-based investment manager that beneficially owns approximately 1.6% of the outstanding shares of The Bank of New York Mellon Corporation BK, today released additional materials to shareholders of The Bank of New York Mellon. The materials can be viewed at www.ABetterBankofNewYork.com.

Marcato continues to believe that The Bank of New York Mellon is falling far short of its potential.  Current management's long-term performance targets are too low, which suggests continued poor execution on controllable expenses and revenue growth opportunities.  Marcato believes meaningful leadership change at the company is necessary in order to create significant, long-term shareholder value.

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SOURCE Marcato Capital Management LP