Exhibit 21.1

THE BANK OF NEW YORK MELLON CORPORATION

PRIMARY SUBSIDIARIES OF THE COMPANY

DEC. 31, 2008

• Agency Brokerage Holding, LLC – State of Organization: Delaware

• Alcentra Inc. – State of Incorporation: California

• Allomon Corporation – State of Incorporation: Pennsylvania

• APT Holdings Corporation – State of Incorporation: Delaware

• BNY Holdings (Delaware) Corporation – State of Incorporation: Delaware

• BNY Mellon AM Latin America, S.A.– Incorporation: Chile

• BNY Mellon Asset Management International Holdings, Limited – Incorporation: England

• BNY Mellon Asset Management International Limited – Incorporation: England

• BNY Mellon Asset Management Japan Limited – Incorporation: Japan

• BNY Mellon Asset Servicing B.V. – Incorporation: Netherlands

• BNY Mellon Capital Markets, LLC – State of Organization: Delaware

• BNY Mellon Fund Managers Limited – Incorporation: England

• BNY Mellon Global Management Limited – Incorporation: Ireland

• BNY Mellon International Limited – Incorporation: England

• BNY Mellon Securities LLC – State of Organization: Delaware

• BNY Mellon Servicos Financeros Distribuidora de Titulos e Valores Mobiliarios S.A.– Incorporation: Brazil

• BNY Mellon Trust Company of Illinois – State of Incorporation: Illinois

• BNY Mellon Trust of Delaware – State of Incorporation: Delaware

• BNY Mellon, N. A. – Incorporation: United States

• BNY Trade Insurance, Ltd. – Incorporation: Bermuda

• Boston Safe Deposit Finance Company, Inc. – State of Incorporation: Massachusetts

• CIBC Mellon Global Securities Services Company – Incorporation: Canada

• CIBC Mellon Trust Company – Incorporation: Canada

• ConvergEx Holdings LLC – State of Organization: Delaware

• DPM Mellon LLC – State of Organization: Nevada

• Dreyfus Service Organization, Inc. – State of Incorporation: Delaware

• Dreyfus Transfer Inc. – State of Incorporation: Maryland

• EACM Advisors LLC – State of Organization: Delaware

• Eagle Investment Systems LLC State of Organization: Delaware

• Founders Asset Management LLC – State of Organization: Delaware

• Hamon Investment Group Pte Limited – Incorporation: Singapore

• Ivy Asset Management LLC – State of Organization: Delaware

• Laurel Capital Advisors, LLP – State of Organization: Pennsylvania

• Lockwood Advisors, Inc. – State of Incorporation: Delaware

• Lockwood Capital Management, Inc. – State of Incorporation: Delaware

• MBC Investments Corporation – State of Incorporation: Delaware

• MBC SPC Leasing ULC – Incorporation: Nova Scotia

• MBSC Securities Corporation – State of Incorporation: New York

• MelDel Leasing Corporation #2 – State of Incorporation: Delaware

• Mellon Analytical Solutions, LLC – State of Organization: Delaware

• Mellon Canada Holdings Company – Incorporation: Canada

• Mellon Capital III – State of Incorporation: Delaware

• Mellon Capital IV – State of Incorporation: Delaware

• Mellon Capital Management Corporation – State of Incorporation: Delaware

THE BANK OF NEW YORK MELLON CORPORATION

PRIMARY SUBSIDIARIES OF THE COMPANY

DEC. 31, 2008

Continued

• Mellon Finance No. 2 (Netherlands) B.V. – Incorporation: Netherlands

• Mellon Financial Services Corporation #1 – State of Incorporation: Delaware

• Mellon Funding Corporation – State of Incorporation: Pennsylvania

• Mellon Global Investments Asia Limited – Incorporation: Jersey

• Mellon Hedge Advisors LLC, – State of Organization: Delaware

• Mellon Holdings LLC – State of Organization: Delaware

• Mellon International Holdings S.a.r.l. – Incorporation: Luxembourg

• Mellon International Investment Corporation – Incorporation: United States

• Mellon Investor Services Holdings LLC – State of Organization: Delaware

• Mellon Investor Services LLC – State of Organization: New Jersey

• Mellon Life Insurance Company – State of Incorporation: Delaware

• Mellon Overseas Investment Corporation – Incorporation: United States

• Mellon Securities Investments LLC, – State of Organization: Delaware

• Mellon Trustees Limited – Incorporation: Ireland

• Mellon United National Bank, N.A. – Incorporation: United States

• Mellon Ventures III, LP – State of Organization: Delaware

• Mellon Ventures IV, LP – State of Organization: Delaware

• MIPA, LLC – State of Organization: Delaware

• Neptune LLC – State of Organization: Delaware

• Newton Capital Management, Limited – Incorporation: England

• Newton Investment Management Limited – Incorporation: England

• Newton Management Limited – Incorporation: England

• Pareto Investment Management Limited – Incorporation: England

• Pershing Advisor Solutions LLC – State of Organization: Delaware

• Pershing Group LLC – State of Organization: Delaware

• Pershing LLC – State of Organization: Delaware

• Promontory Interfinancial Network, LLC – State of Organization: Delaware

• Standish Mellon Asset Management Company LLC – State of Organization: Delaware

• TBC Securities Co, Inc. – State of Incorporation: Massachusetts

• The Bank of New York Capital Markets Limited – Incorporation: England

• The Bank of New York Mellon Bank (CI) Limited – Incorporation: United Kingdom

• The Bank of New York Mellon – State of Incorporation: New York

• The Bank of New York Mellon Trust Company N.A. – Incorporation: United States

• The Boston Company Asset Management LLC – State of Organization: Massachusetts

• The Dreyfus Corporation – State of Incorporation: New York

• Urdang Capital Management, Inc. – State of Incorporation: Delaware

• Urdang Securities Management, Inc. – State of Incorporation: Pennsylvania

• Walter Scott and Partners Limited – Incorporation: Scotland

• WestLB Mellon Asset Management (US) LLC – State of Organization: Delaware