ART CERTOSIMO is Executive Vice President of Broker-Dealer Services for The Bank of New York. Mr. Certosimo manages the Company's broker-dealer services business, which delivers collateral management and securities clearance services to financial institutions and corporations worldwide. In this capacity, Mr. Certosimo oversees all client services, product management, sales, operations and technology activities on a global basis.

Before joining The Bank of New York in his current capacity in 1998, Mr. Certosimo was a principal of Morgan Stanley Asset Management (MSAM), where he managed customer information services worldwide. This division included all client service administration, marketing activities, and the performance/analytics services group. Prior to this, he was a Vice President at The Chase Manhattan Bank's Global Investor Services group, where he established and managed the global customer service organization and was responsible for delivering all clients service, operations, performance measurement and consulting services to Chase's institutional clients worldwide. Mr. Certosimo serves as Vice Chairman and is a member of the Board of Directors of Promontory Interfinancial Network. In addition, he has served on a number of committees dedicated to delivering actionable solutions to issues facing the financial services industry, among them: the Working Group on Government Securities Clearance and Settlement, the Bond Market Government Securities Market Emergency Subcommittee, the Industry Working Group on Payments System Risk Policy Change, and The NewBank Working Group. He is also a member of the Finance Advisory Board of Rutgers Business School, and serves on the Board of Directors of the Brooklyn Bureau of Community Service.

Mr. Certosimo holds a B.S. in Accounting and Business Administration from Rutgers College at Rutgers University. He also holds an MBA in Management from Fairleigh Dickinson University.