NEW YORK, June 12, 2019 /PRNewswire/ -- BNY Mellon has
appointed William M. Daley as a Vice
Chairman with oversight of Government Affairs, Communications,
Philanthropy and Corporate Social Responsibility. Mr. Daley joined
the company today, reporting to Chairman and Chief Executive
Officer, Charles W. Scharf, and is a
member of the firm's Executive Committee.
"I have known Bill for many years and know the great value he
will bring to BNY Mellon. Bill is a seasoned executive who
has spent his entire career at the intersection of business,
government and public service. Clients and government leaders are
looking to leaders such as BNY Mellon to help influence the
evolution of our industry and to make a positive impact around the
world. Bill's role is critical to ensuring we remain a global
leader in our industry and a trusted corporate citizen, and we are
thrilled to attract a leader of his caliber to our organization,"
said Mr. Scharf.
Mr. Scharf added, "Businesses that underestimate the premium
that clients, consumers and employees place on strong corporate
citizenship do so at their own risk. Failure to clearly
identify and articulate corporate values and positions on critical
social issues will result in a company losing relevance in today's
business environment."
Mr. Daley's distinguished career includes two cabinet-level
appointments – Chief of Staff to President Obama in 2011-2012 and
Secretary of Commerce during the Clinton administration from
1997-2000. In addition, he has held several high-level
executive positions in the private sector, including Vice Chair,
Chairman of the Midwest Region and Head of the Office of Corporate
Responsibility for JP Morgan Chase; President of SBC Communications
(now known as AT&T); Partner at the law firm of Mayer, Brown
& Platt; and President and Chief Operating Officer of
Amalgamated Bank of Chicago.
Mr. Daley has also served on the boards of a number of
corporate, academic, medical, charitable and civic organizations,
and is a recognized authority on business and economic growth,
global competitiveness and international trade.
"BNY Mellon, given its role in the global capital markets, is
uniquely positioned to offer a perspective on issues that blur the
lines between business, economics, society and community
engagement. Fundamental shifts in the world's business landscape
are redefining the future, and I look forward to working with the
many talented executives within the business, our clients and our
policymakers around the world to make a positive impact, strengthen
and protect the reputation of the company and be a strong corporate
citizen," said Mr. Daley.
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 management and investment services in
35 countries. As of March 31, 2019,
BNY Mellon had $34.5 trillion in
assets under custody and/or administration, and $1.8 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.
Media
Manny Goncalves
+1 212 635
1568
manuel.goncalves@bnymellon.com
Jennifer Hendricks Sullivan
+1 212 635 1374
jennifer.h.sullivan@bnymellon.com
Analysts
Magda Palczynska
+1 212 635 8529
magda.palczynska@bnymellon.com
View original
content:http://www.prnewswire.com/news-releases/william-m-daley-joins-bny-mellon-as-vice-chairman-300865880.html
SOURCE BNY Mellon