NEW YORK, March 10, 2022 /CNW/ -- The Bank of New York
Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that
Thomas P. (Todd) Gibbons has decided
to retire as Chief Executive Officer and member of the Board of
Directors on August 31, 2022, after a
distinguished 36-year career with the company. The Board of
Directors has appointed Robin Vince
to be his successor at that time. Mr. Vince will initially serve as
President and CEO-elect, effective immediately, working closely
with Mr. Gibbons to ensure a seamless and orderly transition of
responsibilities.
Mr. Gibbons has held numerous leadership positions over his
tenure, including as CEO since September
2019. He led BNY Mellon through the challenges and
complexities of the COVID-19 pandemic – safeguarding clients'
assets, protecting employees, improving the resiliency of its
operations, driving organic growth and efficiencies, and stewarding
support for global markets and government programs. Moreover, Mr.
Gibbons developed a strong and diverse leadership team while
working together with the Board of Directors to develop and execute
a leadership succession plan that resulted in the decision to name
Mr. Vince as his successor.
Mr. Vince currently serves as Vice Chair of BNY Mellon and CEO
of Global Market Infrastructure, which includes BNY Mellon's
Pershing, Treasury Services, and Clearance and Collateral
Management lines of business as well as Markets & Execution
Services. Prior to joining BNY Mellon, Mr. Vince spent 26 years
with Goldman Sachs, most recently serving as Chief Risk Officer and
member of the Management Committee and previously as Treasurer,
Head of Operations, Head of Global Money Markets, Chief Operating
Officer of the EMEA region and CEO of Goldman Sachs International
Bank, among other roles.
Joseph J. Echevarria,
Independent Chair of the Board of Directors, said:
"Today's announcement is the culmination of the Board and Todd's
well-planned, thorough and orderly succession process to ensure
continuity of leadership and BNY Mellon's continued success. As
Todd retires after nearly four decades of service to the company
and its shareholders, including his outstanding leadership through
the global pandemic, we want to thank Todd for his many
contributions. He has consistently demonstrated an unwavering
commitment to our clients and his colleagues and was instrumental
in building BNY Mellon into the institution it is today."
Mr. Gibbons said: "It has been an honor working for BNY
Mellon over the last 36 years, in part because I firmly believe in
the company's core mission and the value our services bring to
clients and society. The pandemic highlighted our important role in
the global financial ecosystem as well as our resilience, and we
stand today as market leader across many of our businesses. As I
prepare to retire, I cannot think of a better person than Robin to
ensure the company capitalizes on the broad range of opportunities
ahead as the industry continues to evolve. Robin has been a
significant contributor to the company, our strategy and growth
agenda. He is someone I deeply respect and trust, and I look
forward to working side-by-side with him to support the transition
over the coming months while continuing to drive organic
growth."
Mr. Echevarria continued: "Since he joined BNY Mellon in
2020, Robin has made significant contributions to the business, and
demonstrated a rigorous approach to strategy, execution and serving
clients. In addition to his BNY Mellon experience, Robin brings a
global perspective and an exceptional understanding of capital
markets, coupled with a strong commercial orientation and a wealth
of experience from his various leadership roles over 26 years at
Goldman Sachs. This, together with the trust and respect Todd has
for him, gives us great confidence that Robin is the right person
to steer BNY Mellon through its exciting next chapter of history.
The Board will support Robin, Todd and the entire Executive
Committee as they work closely together to ensure a seamless
handover in the coming months."
Mr. Vince commented: "BNY Mellon is an extraordinary
institution with a rich history, leading market positions and an
exceptional global client franchise. It is a privilege to be
the company's next CEO and I look forward to working in partnership
with Todd and the Executive Committee to ensure a seamless
transition. I am grateful for the support of my colleagues
across the company as I take up my new role. BNY Mellon plays
a critical role in the global financial system, and it is our
spirit of innovation, deep client relationships and culture that
differentiate the company. I look forward to leading this historic
institution of nearly 50,000 employees, with a rigorous approach to
driving further organic growth and creating value for all
stakeholders."
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment and
wealth management and investment services in 35 countries. As of
Dec. 31, 2021, BNY Mellon had
$46.7 trillion in assets under
custody and/or administration, and $2.4
trillion in assets under management. BNY Mellon can
act as a single point of contact for clients looking to create,
trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of
New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on
Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
Contacts:
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com
Analysts
Marius
Merz
+1 212 298 1480
marius.merz@bnymellon.com
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SOURCE BNY Mellon