PR94931

NEW YORK, March 10, 2022 /PRNewswire=KYODO JBN/ --

  -- CEO Todd Gibbons to Retire This Year

  -- Robin Vince, Vice Chair of BNY Mellon and CEO of Global Market

     Infrastructure, Named President and CEO-elect

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.

Photo -

https://mma.prnewswire.com/media/1763761/BNY_Mellon_Robin_Vince_CEO_elect.jpg

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

Source - BNY Mellon