NEW
YORK, July 6, 2022 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced
today that Dermot McDonogh has been
appointed as Chief Financial Officer ("CFO") for the company,
effective February 1, 2023. Mr.
McDonogh will join the company on November
1, 2022, reporting to BNY Mellon's Chief Executive Officer
("CEO"), and he will join the Executive Committee.
Ms. Portney will continue serving as CFO through January 31, 2023 and will work closely with Mr.
McDonogh to ensure a seamless transition. Ms. Portney will then
assume a new role leading the company's Treasury Services, Credit
Services, and Clearance & Collateral Management businesses. The
heads of these businesses will report to Ms. Portney from
February 1, 2023. Ms. Portney will
continue to report to BNY Mellon's CEO and serve as a member of the
Executive Committee.
"We are thrilled to welcome Dermot to BNY Mellon," said
Robin Vince, CEO-elect of BNY
Mellon. "Dermot has exceptional experience in finance and financial
operations as well as leadership across global teams and dynamic
international environments. BNY Mellon is a destination for top
talent, and the addition of Dermot to our firm will further enhance
the strength of our industry-leading team."
Mr. Vince continued, "Emily has been a trusted partner to me,
CEO Todd Gibbons, and the Executive
Committee, and we are very pleased to have a versatile leader
taking the helm of these businesses to further accelerate the
momentum of several of our key growth areas. Over the past several
years, Emily has ensured the firm's strong financial position
through a period of uncertainty and market volatility, she
strengthened our world-class Finance leadership team and enhanced
the depth and transparency of our dialogue with the investor
community."
As CFO, Mr. McDonogh's responsibilities will span global
financial strategy and financial operations, including finance
functions, controllership, Treasury, the Chief Investment Office,
capital management, tax, corporate development, investor relations
and the business CFO teams. Mr. McDonogh joins BNY Mellon from
Goldman Sachs, where he has worked for over 25 years, most recently
as Chief Operating Officer for EMEA and CEO of Goldman Sachs
International Bank. He was a member of Goldman Sachs' Firmwide Risk
Committee, Firmwide Asset Liability Committee and European
Management Committee. Prior to assuming his current role, he was
the firm's international Controller. He joined Goldman Sachs in
1994 as a product controller in the Finance Division.
Prior to becoming CFO in 2020, Ms. Portney led the Americas
region for the Asset Servicing business as well as the client
management, sales and service teams for Asset Servicing globally.
Before joining BNY Mellon, Ms. Portney was CFO for Barclays
International. She began her career with J.P. Morgan, where she
held various leadership roles across businesses and functions
during her 23 years with the company.
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 March 31, 2022, BNY Mellon
had $45.5 trillion in assets under custody and/or
administration, and $2.3 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.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements, which may be expressed in a variety of
ways, including the use of future or present tense language, relate
to, among other things, BNY Mellon's performance and talent
recruitment and retention efforts. These statements are based upon
current beliefs and expectations and are subject to significant
risks and uncertainties (some of which are beyond BNY Mellon's
control). Actual outcomes may differ materially from those
expressed or implied as a result of risks and uncertainties,
including, but not limited to, the factors identified above and th
e risk factors and other uncertainties set forth in BNY Mellon's
Annual Report on Form 10-K for the year ended December 31,
2021, the Quarterly Report on Form 10-Q for the quarter
ended March 31, 2022 and BNY Mellon's other filings with
the Securities and Exchange Commission. All statements in this
press release speak only as of the date on which such statements
are made, and BNY Mellon undertakes no obligation to update any
statement to reflect events or circumstances after the date on
which such forward-looking statement is made or to reflect the
occurrence of unanticipated events.
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