PNC GLOBAL INVESTMENT SERVICING NAMES NANCY B. WOLCOTT PRESIDENT

WILMINGTON, Del., Dec. 3, 2008 – PNC Global Investment Servicing announced today that Nancy B. Wolcott has been named president. Wolcott will report to Stephen M. Wynne, chief executive officer.

Wolcott most recently served as executive vice president and chief operating officer of Global Investment Servicing, and will remain responsible for the investor services and relationship management groups. She directs the transfer agency, subaccounting, banking transaction services, and print mail business lines, as well as relationship management for Global Investment Servicing’s largest clients.

“Nancy’s vast knowledge of the investment industry and astute application of our organization’s capabilities to satisfy the needs of our clients has been the catalyst for much of our success,” said Stephen M. Wynne. “As president, she will help guide the future progress of Global Investment Servicing, as we enhance our transaction processing capabilities and launch new and unique business intelligence and information services that span the investment continuum.”

Wolcott joined PNC in 1996, serving as executive vice president with PNC Advisors before coming to Global Investment Servicing in 2000. Prior to PNC, she was with HarrisBank/Bank of Montreal as head of corporate and institutional trust.

Wolcott holds a bachelor of arts degree in economics from Wellesley College and a master of business administration degree from the University of Chicago. She is a member of the PNC Global Investment Servicing Operating Committee, a member of the board of directors of PNC Global Investment Servicing Inc., a director of PFPC Trust Company and a member of the board of PNC International Bank Ltd. Wolcott also serves as co-chair of PNC’s Management Committee and is a member of PNC’s Operating Committee.

PNC Global Investment Servicing (www.pncgis.com) is a leading provider of processing, technology and business intelligence services to asset managers, broker/dealers and financial advisors worldwide. PNC Global Investment Servicing offers fund accounting and administration, custody, transfer agency, alternative investment, subaccounting, managed account and wealth management reporting services, representing more than $2.3 trillion in total assets.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global investment services. ###


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