As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. 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. 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 endedDecember 31, 2021, the Quarterly Report on Form 10-Q for the quarter endedMarch 31, 2022and BNY Mellon's other filings with the Securities and Exchange Commission. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. Ask us how we can help you transform your business. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. 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. 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. The Committee shall meet to review with management, the registered independent public accountants, and the Chief Audit Executive the Corporation's annual consolidated financial statements and the related opinion thereon, and the quarterly financial statements and report thereon, prior to the filing of such documents with the SEC. 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. Catherine Keating is the CEO of BNY Mellon's Investor Solutions and Wealth Management divisions, and a member of BNY Mellon's Executive Committee. Investment Reporting: Staying on Top in the New Era. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 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. Please visit www.Dreyfus.com Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. At least annually, the Committee shall review and approve Internal Audits charter, budget and staffing levels, and the audit plan and overall risk-assessment methodology. Gear advertisements and other marketing efforts towards your interests. The Committee shall review with the registered independent public accountants any audit problems or difficulties, including any restrictions on the scope of the registered independent public accountants' activities or on access to requested information and any significant disagreements with management and management's response. Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. 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. The Committee shall approve the appointment of the Chief Audit Executive, who will report directly to the Committee. Get the most out of the BNY Mellon | Pershing ecosystem and learn how to optimize the tools and services you use daily. The Committee shall report its activities to the Board on a regular basis and make such recommendations as it deems necessary or appropriate. Development Opportunities: BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). 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 Investor Solutions division is the company's Multi-Asset Solutions segment . Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and Verify your identity, personalize the content you receive, or create and administer your account. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. BNY Mellon, Senior Executive Vice President & Executive Committee Member New York City Metropolitan Area 7K followers 500+ connections Join to view profile BNY Mellon | Pershing FINRA. 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. Quarterly, the Committee shall review a report from the Disclosure Committee and reports concerning the status of the Corporation's annual review of internal control over financial reporting, including (i) information about (a) any significant deficiencies or material weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the Corporation's ability to record, process, summarize and report financial information and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Corporation's internal control over financial reporting, and (ii) management's responses to any such circumstance. 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. Copyright 2023 Morningstar, Inc. All rights reserved. $96K-$163K Per Year (Employer est.) The Board of Directors will determine whether any member of the Audit Committee is an audit committee financial expert as defined by rules of the SEC. Work collaboratively with Corporate and divisional teams to achieve organizational objectives and ensure alignment with Bank-wide activities. Additional information is available on www.bnymellon.com. A meeting of the Committee may be called by its chairman or any two members of the Committee. Youll leave the conference with fresh intel on industry trends and the motivation to go beyond within your business and your career. from 8 AM - 9 PM ET. The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. related services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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. 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 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. Work. 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. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. Ms. Portney will continue serving as CFO through January 31, 2023 and will work closely with Mr. McDonogh to ensure a seamless transition. 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. The Committee will review and discuss policies with respect to risk assessment and risk management. We are proud of our client relationships, and we are stronger because of them. Investment Reporting: Staying on Top in the New Era. The Committee shall oversee the evaluations of the Board and committees of the Board and, unless performed by the Human Resources and Compensation Committee, the Corporation's senior managers. We are proud of our client relationships, and we are stronger because of them. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. Bank custody provided by BNY Mellon, N.A, member FDIC. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. Transparency is our policy. Download membership application form | Download benefits of membership 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.". She is also the President and a Board member of BNY Mellon, N.A., the company's national bank subsidiary. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Investment Reporting: Staying on Top in the New Era. 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 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. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. The Committee may receive summary annual reports from audit committees of subsidiaries of the Corporation. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. 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, 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. $57K-$85K Per Year (Glassdoor est.) 5 free lookups per month. 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! Morningstar Rating. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. She leads the. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee shall set a clear hiring policy for employees or former employees of the registered independent public accountants. 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. The members of our highly knowledgeable and skilled management team provide stability in leadership, averaging more than a decade each with Pershing. 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. Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses. Investment Reporting: Staying on Top in the New Era. This site is protected by reCAPTCHA and the Google In. 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. These products and services are usually sold through license agreements or subscriptions. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. 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. Quote. The Committee shall also review the registered independent public accountants' attestation and report on management's assessment regarding the Corporation's internal controls over financial reporting. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Charter of the Corporate Governance, Nominating and Social Responsibility Committee of the Board of Directors, The Bank of New York Mellon Corporation. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Leader, Basketball Legend and Successful Entrepreneur. 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. Pershing provides business-to-business solutions to clients representing over 7 million investor accounts globally. 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. INSITE is the essential event for the financial advice community. I am grateful for the support of my colleagues across the company as I take up my new role. The Committee shall review and discuss any reports received from attorneys with respect to evidence of material securities law violations or material breaches of fiduciary duties that were reported to the General Counsel or the Chief Executive Officer and not resolved to the satisfaction of the reporting attorney. 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. 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. Develop and improve features of our offerings. He joined Goldman Sachs in 1994 as a product controller in the Finance Division. 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). Chart. Terms of Service apply. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. BNY Mellon. 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. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. 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. If the 2024 Annual Meeting of Stockholders is . 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. 9.9(b), will be under the direction of the Committee, and (iii) under the direction of the Committee, the results of each audit (including significant actions taken as a result of the audit) will be reported to the board of directors of such subsidiary for inclusion in the minutes of the board of directors of such subsidiary. 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. Chief Executive Officer and Co-founder, Rent the Runway About Jennifer Magic Johnson Leader, Basketball Legend and Successful Entrepreneur About Magic Emily Schlosser Chief Operating Officer BNY Mellon | Pershing About Emily Ainslie Simmonds President, Pershing X BNY Mellon | Pershing About Ainslie Robin Vince President and Chief Executive Officer The registered office location is at Greenwich St, Ny . Pittsburgh, PA 4d. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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. BNYMellon. Our Board of Directors is committed to fostering and maintaining its diversity. Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. Additional information is available on www.bnymellon.com. Charter of the Audit Committee of the Board of Directors, The Bank of New York Mellon Corporation. 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. 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 Committee shall meet as frequently as is necessary to fulfill its duties and responsibilities, but not less frequently than three times per year. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee shall meet as frequently as necessary to fulfill its duties and responsibilities, but not less frequently than quarterly. Additional information is available on www.bnymellon.com. the Corporations compliance with legal and regulatory requirements. ", 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. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. He was a member of Goldman Sachs' Firmwide Risk Committee, Firmwide Asset Liability Committee and European Management Committee. The Committee shall approve audit plans (and amendments to audit plans), resources, budgets and the outsourcing of functions to external vendors, if applicable. Additional information is available onwww.bnymellon.com.
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