The Bank of New York's Donald R. Monks Elected USCIB Treasurer

NEW YORK, NY -- (MARKET WIRE) -- November 17, 2006 -- Donald R. Monks, vice chairman of The Bank of New York, was elected treasurer of the United States Council for International Business (USCIB), a group representing America's top global companies, at a meeting of USCIB's board of directors last month.

As vice chairman, Mr. Monks serves as chief administrative officer and oversees The Bank of New York's global operations and technology areas, as well as human resources, compliance, corporate marketing, corporate communications, quality assurance, business continuity services and corporate services. He is also a member of the company's executive committee.

"USCIB plays an invaluable role in helping our most competitive global companies navigate the often choppy waters of international markets and regulation," said Mr. Monks. "The organization is well managed, with a sound financial footing. I look forward to helping it thrive and grow in the coming years."

As treasurer, Mr. Monks will chair USCIB's Finance and Oversight Committee, a standing committee of the board that oversees USCIB financial operations, working closely with Paul Cronin, USCIB's vice president and chief financial officer. He succeeds J. Frank Brown, who retired earlier this year from PricewaterhouseCoopers to become dean of the INSEAD business school.

During more than three decades with The Bank of New York (www.bankofny.com), Mr. Monks has directed many key functions for the Bank around the world and has been recognized globally as a leader in shaping the evolution of the payments and securities servicing industries, as well as in developing industry protocols for infrastructure resilience and business continuity.

"We are indeed fortunate to have an executive of Donald Monks's stature lend his expertise to our strategic financial and organizational direction," stated USCIB President Peter M. Robinson. "We also recognize and thank Frank Brown for his many years of outstanding service as treasurer."

USCIB (www.uscib.org) promotes an open system of global commerce in which business can flourish and contribute to economic growth, human welfare and protection of the environment. Its membership includes over 300 U.S. companies, professional service firms and associations, with some 8.5 million employees, whose combined annual revenues exceed $3.5 trillion. As American affiliate of several leading international business and employers organizations, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade.

To view this release in HTML, please go to: http://www.uscib.org/index.asp?documentID=3637

Contact Information: Contact: Jonathan Huneke VP communications USCIB (212) 703-5043 Email Contact