He joined Goldman Sachs in 1994 as a product controller in the Finance Division. New York, NY Easy Apply 30d+. 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. from 8 AM - 9 PM ET. 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. The Committee shall perform an annual evaluation of the registered independent public accountants' qualifications, performance, and independence and the performance of the lead engagement partner. A member of the company's Executive Committee, Kevin heads B NY Mellon's global Legal Department, and also has overall responsibility for Government Affairs, the Corporate Secretarial function and Global Corporate Security. Investment Reporting: Staying on Top in the New Era. Garrett Marquis +1 949 683 1503[emailprotected], Marius Merz+1 212 298 1480[emailprotected], Cision Distribution 888-776-0942 When typing in this field, a list of search results will appear and be automatically updated as you type. We are proud of our client relationships, and we are stronger because of them. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. NEW YORK, March 10, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Thomas P. (Todd) Gibbons has decided to retire as Chief. 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. The Corporate Governance, Nominating and Social Responsibility Committee (the "Committee") is appointed by the Board of Directors (the "Board") for the following purposes: In carrying out its responsibilities, each Committee member shall be entitled to rely on the integrity and expertise of those persons providing information to the Committee and on the accuracy and completeness of such information, absent actual knowledge to the contrary. Annually, the Audit Committee shall discuss with the registered independent public accountants and the Chief Audit Executive the responsibilities, budget and staffing of Internal Audit. Start with the FINANCIAL PROFESSIONALS INDIVIDUAL INVESTORS INSTITUTIONAL INVESTORS AND CONSULTANTS Are you a cash management professional? The Committee will review and discuss policies . MediaGarrett Marquis+1 949 683 1503garrett.marquis@bnymellon.com, AnalystsMarius Merz+1 212 298 1480marius.merz@bnymellon.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/bny-mellon-announces-leadership-succession-plan-naming-robin-vince-ceo-elect-301499790.html, Plus500. Prior to HSBC, Paul was CFO of Circle Internet Financial, and previously held senior roles at JP Morgan and Deutsche Bank. In addition, Pershingemployees serve in leadership roles on hundreds of industry committees around the world, giving us the unique ability to advocate on our clients behalf around issues of policy and regulation. The Committee will review and assess the adequacy of this written charter annually and recommend changes to the Board of Directors as necessary. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. He is also a member of the BNY Mellon Executive Committee. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. consider director candidates recommended by the Corporation's shareholders in accordance with the procedures set forth in the Corporation's annual proxy statement and the By-Laws; review and evaluate the succession plans for the CEO, including a plan in the event of an emergency, and, at least annually, report to the Board regarding succession planning activities and recommendations, if appropriate; implement and oversee the annual evaluation of the Board and the committees of the Board, approve the service of the Chairman and the Chief Executive Officer as directors or trustees of other institutions and organizations and approve indemnification for such service, periodically review contributions by the Corporation and any foundation established by the Corporation to director-related not-for-profit organizations for potential conflicts of interest, or the appearance thereof, annually review compliance of Directors with the Directors Code of Conduct and, in the case of management Directors, the Code of Conduct for employees, review and recommend to the Board policies regarding Director stock ownership, consider the process for the orientation and continuing education of Directors, review and receive reports on the Corporations strategic philanthropy, employee giving, and community involvement, and provide oversight with respect to the Corporations related policies, programs and strategy, oversee and receive reports on the Corporations public policy and advocacy, including lobbying and political contributions, receive and review reports on the Corporations compliance with Community Reinvestment Act ("CRA") and Fair Lending Laws, including review of CRA examination reports, Fair Lending reports provided by federal and state examiners and related internal reports provided by management, receive and review reports regarding the Corporations significant ESG programs and initiatives, including enterprise ESG strategy and ESG governance, environmental sustainability and environmental management, supply chain ESG considerations, and significant reporting with respect to such matters; and. INSITE is the essential event for the financial advice community. Except as limited by law, regulation or the rules of the New York Stock Exchange, the Committee may form subcommittees for any purpose that it deems appropriate and may delegate to such subcommittees or to members of the Corporation's management such power and authority as it deems appropriate, provided, however, that any such subcommittees shall meet all applicable independence requirements and that the Committee shall not delegate to persons other than independent directors any functions that are required under applicable law, regulation, or stock exchange rule to be performed by independent directors. "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. 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. Pershing provides business-to-business solutions to clients representing over 7 million investor accounts globally. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Most recently, she served as Assistant General Counsel of MUFG Union Bank, and as Managing Counsel, Wealth Management at BNY Mellon/The Bank of New York Mellon. The Committee is responsible for maintaining open communication between the Committee and the registered independent public accountants, Internal Audit, management, and the Board of Directors. If any member of the Committee simultaneously serves on the audit committees of more than two other public companies, the Board shall determine whether such simultaneous service would impair the member's ability to serve effectively on the Committee and disclose the determination in the proxy statement. MediaJennifer Hendricks Sullivan+1 212 635 1374[emailprotected], AnalystsScott Freidenrich+1 212 635 1855[emailprotected], Cision Distribution 888-776-0942 The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. Additional information is available onwww.bnymellon.com. The Committee will review with management, the General Counsel, the Chief Compliance Officer, and the Chief Audit Executive the Corporation's compliance with laws and regulations. Additional information is available on www.bnymellon.com. All rights reserved. Development Opportunities: The Committee shall (a) review the Board's committee structure and responsibilities and recommend to the Board directors to serve as members of each committee, (b) review committee composition annually and recommend the appointment of new committee members, as necessary, and (c) periodically consider the appropriate size of the Board and recommend to the Board changes in Board size as warranted. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. Prior to assuming his current role, he was the firm's international Controller. The Committee shall periodically consider possible changes in committee assignments while maintaining flexibility, so that each committee includes directors with the requisite expertise and experience to fulfill its duties and responsibilities, and will recommend changes in committee assignments to the Board as it deems appropriate. If the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, the Committee will be responsible for ensuring that engagement letters and any related agreements with the independent public accountant for services to be performed do not contain any limitation of liability provisions prohibited by applicable laws or regulations. Except as limited by law, regulation or the rules of the NYSE, the Committee may form subcommittees for any purpose that it deems appropriate and may delegate to such committees or to other committees of the Board such power and authority as it deems appropriate. Rent the Runway, Leader, Basketball Legend and Successful Entrepreneur, President and Chief Executive Officer The Committee shall maintain minutes of meetings and regularly report to the Board of Directors, including any issues with respect to the quality or integrity of the Corporation's financial statements, the Corporation's compliance with legal and regulatory requirements, the performance and independence of the Corporation's independent auditors, and the performance of Internal Audit. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. The Committee shall coordinate with the Risk Committee of the Board (which may be done through the Chairs of each Committee) to ensure that each Committee has received and, when appropriate, discussed, the information necessary to fulfill their respective responsibilities and duties with respect to areas of common interest. At the end of 2020, 27% of our Board of Directors were women and 36% of our 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. 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. Mr. Kumar, who joins the. Committee members and the Committee Chairman shall be appointed annually by the Board on the recommendation of the Committee and serve at the pleasure of the Board. 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.". BNY Mellon About Bridget E. Engle is Senior Executive Vice President and Chief Information Officer for BNY Mellon and a member of the company's Executive Committee. Charter of the Corporate Governance, Nominating and Social Responsibility Committee of the Board of Directors, The Bank of New York Mellon Corporation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Catherine Keating is the CEO of BNY Mellon's Investor Solutions and Wealth Management divisions, and a member of BNY Mellon's Executive Committee. The Bank of New York Mellon Corporation reports . The Committee will review with management and the registered independent public accountants the content and the basis for reports relating to internal controls over financial reporting as required under the Federal Deposit Insurance Corporation Improvement Act of 1991. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/bny-mellon-announces-leadership-succession-plan-naming-robin-vince-ceo-elect-301499790.html, Bank of New York Mellon : Early Repurchase(s), W.P. In addition, the Committee may perform the audit committee functions specified by 12C.F.R. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Pittsburgh, PA 4d. The Committee shall meet as frequently as is necessary to fulfill its duties and responsibilities, but not less frequently than three times per year. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. 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. The Nominating Committee (the "Committee") of each fund in the BNY Mellon Family of Funds (each, the "Fund") shall be composed solely of Directors/Trustees In. Gear advertisements and other marketing efforts towards your interests. Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. Bank of New York Mellon Corp. BK. $96K-$163K Per Year (Employer est.) Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Carey closes on 500M term loan maturing in 2026, 5 Stocks That Will Benefit From Bed Bath & Beyonds Bankruptcy, Wednesday Is Your Last Chance To Buy Bank of New York Mellon Before The Dividend Payout, J.P. Morgan Keeps Their Hold Rating on Bank of New York Mellon Corporation (BK), Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK), Prologis (PLD) and Toronto Dominion Bank (TD), Registration on or use of this site constitutes acceptance of our. The Committee will receive periodic reports from the General Counsel on all significant litigation and investigations and updates on these matters as warranted by circumstances. The Committee will review with management, the General Counsel, the Chief Compliance Officer, and the Chief Audit Executive the Corporation's compliance with laws and regulations. The registered office location is at Greenwich St, Ny . The employer is BNY MELLON. Follow us on Twitter @BNYMellon or visit our newsroom atwww.bnymellon.com/newsroomfor the latest company news. This charter will be published on the Corporation's website and the Corporation will disclose in its annual proxy statement that this charter is available on its website and provide the website address. Affiliated advisory services, if offered, provided by Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940, and Pershing X, a technology provider. The Committee shall consist of three or more members who satisfy the independence and experience requirements imposed by the New York Stock Exchange ("NYSE") listing standards and other applicable laws and regulations. 363.2(b). 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). Our lineup of keynote speakers includes some of the most sought-after leaders across multiple disciplines to help fuel growth and transformationwith more exciting speakers coming soon! 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Jim leads a team of experienced professionals dedicated to helping clients . The Committee shall also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Committee shall meet as frequently as necessary to fulfill its duties and responsibilities, but not less frequently than quarterly. Director, Compliance Data Governance - Financial Crimes. to oversee the Corporations operations and programs regarding environmental, social, and governance ("ESG") matters, promoting a culture that emphasizes and sets high standards for corporate social responsibility, and review corporate performance against those standards. Bank of New York Mellon Corp BK Executive. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. Senior Executive VP & General Counsel at BNY Mellon . We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. Trademarks belong to their respective owners. 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. Follow us on Twitter @BNYMellon or visit. The Committee will assist the Board in fulfilling its oversight responsibilities in respect of: The Committee's function is one of oversight, recognizing that the Corporation's management is responsible for preparing the Corporation's financial statements, and the independent public accountants are responsible for auditing those statements. 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. advise the Board on corporate governance matters generally, and recommend to the Board appropriate or necessary actions to be taken by the Corporation, the Board and the committees of the Board, develop, recommend to the Board, and, at least annually, review the Corporate Governance Guidelines, lead the search for qualified directors, review qualifications of individuals suggested by shareholders and directors as potential nominees, and identify nominees who are best qualified, develop, recommend to the Board, and periodically review the criteria for selecting nominees for election as directors of the Corporation, which are reflected in the Corporate Governance Guidelines, with the goal of developing a diversity of background and experience on the Board, review the qualifications of potential director nominees and directors proposed for re-nomination to evaluate whether they are consistent with the criteria approved by the Board, recommend to the Board the nominees to be proposed by the Corporation for election as directors of the Corporation at the annual meeting of stockholders or to fill vacancies on the Board. The Committee has the direct responsibility to annually review the performance of the Chief Audit Executive and, as appropriate, replace the Chief Audit Executive. Brokerage services may be provided by Pershing Advisor Solutions LLC, member FINRA, SIPC. The Committee has the authority to engage such independent counsel and other advisors and to carry out such investigations as it deems necessary to discharge its duties. Infurtherance of such responsibilities, the Committee has a duty to seek to preserve the safety and soundness of its national bank subsidiaries, and will exercise its oversight of any such subsidiarys audit committee matters with the understanding that suchsubsidiarys interests are not to be subordinated to the interests of the Corporation in a way as to jeopardize the safety and soundness of such subsidiary. 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. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. The Board of Directors has appointed Robin Vince to be his successor at that time. Our peopleand their commitment to our clients successare what truly set Pershing apart. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK ). We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. The Executive Committee of NIBC consists of four statutory Managing Board members complemented by non-statutory Executive Committee members. Quote. Bank custody provided by BNY Mellon, N.A, member FDIC. Annually, there shall be a performance evaluation of the Committee, which may be a self-evaluation or an evaluation employing such other resources or procedures as the Committee may deem appropriate. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. All Committee members will have knowledge of audit and risk management practices commensurate with the Corporations complexity and risk profile. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. While it is the responsibility of management to assess and manage the Corporation's exposure to risk, the Committee will discuss guidelines and policies to govern the process by which this is handled. These products and services are usually sold through license agreements or subscriptions. BNYMellon. 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. Hanneke is the Global Chair of the 30% Club, a role she assumed in February 2023. Please visit www.Dreyfus.com Copyright 2023 Morningstar, Inc. All rights reserved. Provide specific products and services to you, such as portfolio management or data aggregation. from 8 AM - 9 PM ET. Additionally, Hanneke is the Executive Sponsor for PRISM, BNY Mellons LGBTQ+ Employee Resource Group and serves as Chair of Impetus, a venture philanthropy organization which backs charities to transform the lives of disadvantaged young people. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, The Committee will review and assess the adequacy of this charter annually and recommend changes to the Board as necessary. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and Ms. Portney will continue serving as CFO through January 31, 2023 and will work closely with Mr. McDonogh to ensure a seamless transition. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. Stock Analysis. BNY Mellon recently embarked on an effort, co-sponsored by Portney, targeted at reducing bureaucracy and increasing efficiency across the firm. This site provides information for investment professionals. The Committee shall set a clear hiring policy for employees or former employees of the registered independent public accountants. You can expect a first look at the newest digital products and services, immersive learning experiences with industry innovators and networking opportunities with the top advisors and influencers in the business. Adept at collaborating with. Chief Executive Officer, BNY Mellon Investment Management.

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