NEW YORK, Feb. 5, 2019 /PRNewswire/ -- BNY Mellon announced today that Paul Camp, Chief Executive Officer, Treasury Services, has been appointed to the Executive Committee, the company's senior . Chief Executive Officer, BNY Mellon Investment Management Euan Munro Manager of the Board Chief Executive Officer Michael Germano Manager of the Board Head of North America Tina King Manager of the Board Chief Financial Officer for Investment and Wealth Management at BNY Mellon John R. Miller, Jr Manager 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.". Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, 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. If the Committee performs the fiduciary audit committee functions for a national bank subsidiary of the Corporation, no Committee member will be an officer of such national bank subsidiary or any of such national bank subsidiarys affiliates who participate significantly in the administration of such national bank subsidiarys fiduciary activities. If the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, the Committee will oversee the internal audit function of such subsidiary. He was a member of Goldman Sachs' Firmwide Risk Committee, Firmwide Asset Liability Committee and European Management Committee. Our Board of Directors is committed to fostering and maintaining its diversity. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. At the end of 2020, 29% of BNY Mellon's Executive Committee were women and 20% of BNY Mellon's Executive Committee were from underrepresented ethnic and/or racial backgrounds. Annually, the Committee shall review the perquisites and travel and entertainment expenses of the Corporation's Named Executive Officers whose compensation is reported in detail in the Corporation's proxy statement for the most recently completed fiscal year, and shall review the Corporation's procedures and controls for the preparation of the Compensation Discussion and Analysis to be included in the proxy statement. 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. Development Opportunities: ", 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. Wells Fargo merges two payments groups, hires BNY Mellon exec as leader By Polo Rocha August 17, 2021, 2:57 p.m. EDT 1 Min Read Wells Fargo has combined its treasury management and global payments services units into one group, and has hired a former Bank of New York Mellon executive to run the new division. The Committee shall meet as frequently as necessary to fulfill its duties and responsibilities, but not less frequently than quarterly. The members of the Managing Boards of NIBC Holding N.V. and NIBC Bank N.V. are the same. NEW YORK, Feb. 5, 2019 /PRNewswire/ -- BNY Mellon announced today that Paul Camp, Chief Executive Officer, Treasury Services, has been appointed to the Executive Committee, the company's senior-most governing body. 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. These products and services are usually sold through license agreements or subscriptions. 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. 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. Successful Entrepreneur, President and Chief Executive Officer Annually, or at other appropriate intervals, the Committee shall review and set the compensation of the Chief Audit Executive. Bank of New York Mellon's investment management is conducted through many (relatively) small and independently marketed subsidiaries, such as Alcentra, Siguler Guff, and more, the majority of. All rights reserved. The Committee will receive reports from the Chief Compliance Officer on the Corporation's compliance with legal and regulatory requirements, on at least an annual basis. The Committee will have the resources and authority necessary to discharge its responsibilities, including sole authority to retain and terminate the engagement of such consultants or independent counsel to the Committee as it may deem helpful in carrying out its responsibilities, and to establish the fees and other terms for the retention of such consultants and counsel, such fees to be borne by the Corporation. 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. Hanneke is the Global Chair of the 30% Club, a role she assumed in February 2023. Part 363 for insured depository institution subsidiaries of the Corporation and may perform the functions of a fiduciary audit committee required by 12 C.F.R. Bank custody provided by BNY Mellon, N.A, member FDIC. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. Prior to assuming his current role, he was the firm's international Controller. Provide specific products and services to you, such as portfolio management or data aggregation. 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. As part of her role with Impetus, she is Trustee of the Education Endowment Foundation (EEF), founded in 2011 by The Sutton Trust in partnership with Impetus. 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. 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. Director, Compliance Data Governance - Financial Crimes. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. President and Chief Executive Officer, BNYMellon, Chief Information Officer and Head of Engineering, Global Head of Enterprise Execution and Chief Corporate Affairs Officer, Senior Executive Vice President and Chief Risk Officer, Senior Executive Vice President and General Counsel, Senior Executive Vice President and Chief Executive Officer, Securities Services and Digital, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management, Senior Executive Vice President and Chief Growth Officer, Chief Executive Officer, BNY Mellon Marketsand Execution Services, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee may request any officer or employee of the Corporation, or any special counsel or advisor, to attend a meeting of the Committee or to meet with any members of, or consultant to, the Committee. Rent the Runway, Leader, Basketball Legend and Successful Entrepreneur, President and Chief Executive Officer The employer is BNY MELLON. The Committee will consist of three or more Directors who satisfy, as determined by the Board, the requirements of the New York Stock Exchange Listing Standards, including those with respect to independence, and any additional requirements that the Board deems appropriate. 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. Catherine Keating is the CEO of BNY Mellon's Investor Solutions and Wealth Management divisions, and a member of BNY Mellon's Executive Committee. 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. 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. Pershing provides business-to-business solutions to clients representing over 7 million investor accounts globally. 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 BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. With over 30 years of investment experience, Hanneke was previously CEO of Newton Investment Management, a BNY Mellon Investment Management firm, from 2016 to 2020. The Committee shall discuss with the registered independent public accountants the overall scope and plans for its audit, including the adequacy of staffing. 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. If the Committee performs the fiduciary audit committee functions for a national bank subsidiary of the Corporation (i) the Committee will have responsibility for overseeing the audit of the fiduciary activities of such subsidiary, (ii) the annual audit (by internal or external auditors) of all significant fiduciary activities of such subsidiary, or discrete audits (by internal or external auditors) of each significant fiduciary activity of such subsidiary in connection with a continuous audit system in accordance with 12 C.F.R. Committee members and the Committee Chairman and their independence shall be reviewed annually by the Corporate Governance, Nominating and Social Responsibility Committee and the Board of Directors and serve at the pleasure of the Board. We are proud of our client relationships, and we are stronger because of them. New York, NY Easy Apply 30d+. 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. 2023 Pershing LLC. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Connect with over 2,000 forward-thinking attendees who represent every profession within the financial advice community. 363.2(b). The Committee or, in its discretion, the Chairman of the Committee, shall discuss with management, the Chief Audit Executive and/or the registered independent public accountants, as appropriate, the types and presentation of information to be included in the Corporation's earnings press releases and financial information and earnings guidance, if any, provided to analysts and rating agencies. No credit card required. Read our editorial policy to learn more about our process. Pittsburgh, PA 4d. The Committee shall discuss with the independent accountants their independence and the matters required to be discussed by applicable PCAOB standards, any other applicable auditing standards and applicable laws and regulations. We are proud of our client relationships, and we are stronger because of them. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Bank of New York Mellon has named Goldman Sachs veteran Dermot McDonogh as its new chief financial officer, as the custody bank's incoming CEO starts making an imprint on the company's top ranks. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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. Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. We are proud of our client relationships, and we are stronger because of them. 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. It is a privilege to be the company's next CEO and I look forward to working in partnership with Todd and the Executive Committeeto ensure a seamless transition. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, BNY Mellon Reports First Quarter 2023 Results. President and Chief Executive Officer BNY Mellon About Robin JUNE 6-8, 2023 | ORLANDO, FL Ready to Go Beyond? This site is protected by reCAPTCHA and the Google Start with the FINANCIAL PROFESSIONALS INDIVIDUAL INVESTORS INSTITUTIONAL INVESTORS AND CONSULTANTS Are you a cash management professional? 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. Paul is a strategic thinker and change agent who is passionate about improving our company. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. The Committee will review and discuss policies . "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. 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. 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.". executive offices no earlier than December 2, 2023 and no later than 5:00 p.m., Eastern time, on January 1, 2024. Chart. 2023 THE BANK OF NEW YORK MELLON CORPORATION. Mar 26, 2019, 10:00 ET NEW YORK, March 26, 2019 /PRNewswire/ -- BNY Mellon has appointed Senthil Kumar as Senior Executive Vice President and Chief Risk Officer. 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. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, C.F.R. Additional information is available on www.bnymellon.com. Garrett Marquis +1 949 683 1503[emailprotected], Marius Merz+1 212 298 1480[emailprotected], Cision Distribution 888-776-0942 Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. This Executive Committee structure is in place since 2017. Jennifer brings a unique insight to every matter she handles, reflecting her extensive practice both in law firms and in financial institutions' legal departments. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. ", 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 Committee shall also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. He joined BNY Mellon from HSBC Bank PLC, where he played a key role in the business transformation and innovation effort for global liquidity and cash management. Investment Reporting: Staying on Top in the New Era. 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 shall also include separate executive sessions with the Corporation's Chief Financial Officer, General Counsel, and Chief Compliance Officer periodically, and as needed. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Annually, on the basis of its review and discussion of such matters, the Committee shall recommend to the Board of Directors that the audited financial statements be included in the Corporation's annual report on Form 10-K for filing with the SEC. At all times, the Committee shall have access to the books and records of the Corporation and to such management and other personnel as it deems necessary or helpful in discharging its duties. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNYMellon. With over 30 years of investment experience, Hanneke was previously CEO of Newton Investment Management, a BNY Mellon Investment Management firm, from 2016 to 2020. Investment Reporting: Staying on Top in the New Era. 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. Unless subsequently amended, such policy shall be that the Corporation will not hire any employee or former employee of the registered independent public accountants if such hiring would cause the registered independent public accountants to cease to be independent under applicable rules of the SEC. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Before joining BNY Mellon, Ms. Portney was CFO for Barclays International. 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. In this regard, the Committee shall consider (as may apply to such annual or quarterly statements) (i) the Corporation's specific disclosures under Management's Discussion and Analysis of Financial Condition and Results of Operations, (ii) the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the financial statements, (iii) significant financial reporting issues and judgments made in connection with the preparation of the financial statements, including any significant changes in the Corporation's selection or application of accounting principles and any information presented regarding alternative GAAP methods or treatments and the effect that such alternatives would have on the financial statements, (iv) any accounting adjustments that were noted or proposed by the registered independent public accountants but were passed (as immaterial or otherwise), (v) any other matters communicated to the Committee by the registered independent public accountants under generally accepted auditing standards or applicable laws or regulations, (vi) any management letter or schedule of unadjusted differences, and (vii) matters set forth in General Commentary to NYSE Rule 303A.07(b) and Commentary to NYSE Rule 303A.07(b)(iii)(F). The Committee may receive summary annual reports from audit committees of subsidiaries of the Corporation. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. The Committee shall review with the registered independent public accountants the results of the audit, and the Committee shall discuss any management or internal control letter issued or proposed to be issued by the registered independent public accountants. 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. About BNY MellonBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. He will have oversight of BNY Mellon's Clearance and Collateral Management,. The Committee shall review the registered independent public accountants' judgments about the quality and appropriateness of the accounting principles applied in the Corporation's financial reporting, and shall review and assess the reasonableness of analyses prepared by management and the registered independent public accountants setting forth significant financial reporting issues and judgments made in connection with the preparation of financial statements. 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. The Committee shall review on an annual basis compensation and benefits for non-employee Directors and make recommendations to the Board on appropriate compensation for such Directors. The Committee has direct responsibility for the appointment, compensation, retention and oversight of the work of any registered independent public accountants engaged to prepare an audit report or to perform other audit, review or attest services for the Corporation, and such registered independent public accountants will report directly to the Committee. BNY Mellon. Annually, the Committee will prepare an Audit Committee Report as required by the Securities and Exchange Commission (the "SEC") to be included in the Corporation's proxy statement. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and an MBA from the London Business School. ", 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. 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). Before joining Adams Street, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK ). The attorney was graduated from GEORGE WASHINGTON UNIVERSITY. We are proud of our client relationships, and we are stronger because of them. Senior Executive VP & General Counsel at BNY Mellon . "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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. The Board of Directors has appointed Robin Vince to be his successor at that time. World-class leaders and industry luminaries come together to share thought-provoking narratives that are sure to inspire. 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. Stock Analysis. the Corporations compliance with legal and regulatory requirements. Bank of New York Mellon Corp. BK. 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. BNY Mellon Wealth Management Jul 2018 - Present4 years 10 months Greater New York City Area President and Chief Executive Officer Commonfund Feb 2015 - Jul 20183 years 6 months Wilton, CT. 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. Her first career was in the international art auction industry in New York City, Latin America and the west coast. from 8 AM - 9 PM ET. $57K-$85K Per Year (Glassdoor est.) Charter of the Audit Committee of the Board of Directors, The Bank of New York Mellon Corporation. 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. 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! The members of our highly knowledgeable and skilled management team provide stability in leadership, averaging more than a decade each with Pershing. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. Prior to joining Northern Trust, Grace spent over 9 years at a large national financial institution (BNY Mellon) and over 15 years as an executive at a Pasadena-area private multi-family office/trust company (Whittier Trust Company).
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