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 . In its discretion, the Committee may delegate to one or more of its members the authority to pre-approve any audit or non-audit services to be performed by the registered independent public accountants, provided that all such approvals will be presented to the Audit Committee on a quarterly basis. 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. 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. Bank custody provided by BNY Mellon, N.A, member FDIC. The revolutionary platform and complete solution for advisors, Money Market Mutual Fund & FDIC-Insured Deposits Program Rates & Bank Lists. At INSITE, education is right at your fingertips. 2023 Pershing LLC. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, BNY Mellon's performance and talent recruitment and retention efforts. The Corporation shall also pay such amounts as the Committee deems appropriate as compensation of any legal or other advisors employed by the Committee, and ordinary administrative expenses of the Committee. The Committee will review and discuss policies . Annually, or at other appropriate intervals, the Committee shall review and set the compensation of the Chief Audit Executive. 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. The Committee shall review significant issues identified by Internal Audit together with management's responses and follow-up, ensuring appropriate management accountabilities are in place. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, C.F.R. She joined Adams Street in 1997 to build out its global investment capabilities, and successfully launched its presence in Europe and Asia. This site provides information for investment professionals. 363.5(b), of such insured depository institution. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. The Committee shall also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. Deputy Chief Compliance Officer - Investments and Securities. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. 2023 THE BANK OF NEW YORK MELLON CORPORATION. The Bank of New York Mellon Corporation reports . The Committee shall discuss with the registered independent public accountants the overall scope and plans for its audit, including the adequacy of staffing. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee shall annually receive from the independent public accountants a formal written statement of the fees billed in each of the last two fiscal years for each of the following categories of services rendered by the registered independent public accountants: (i) the audit of the Corporation's annual financial statements and the reviews of the financial statements included in the Corporation's Quarterly Reports on Form 10-Q or services that are normally provided by the registered independent public accountants in connection with statutory and regulatory filings or engagements; (ii) assurance andrelated 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. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. He will have oversight of BNY Mellon's Clearance and Collateral Management,. 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. 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. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Director, Compliance Data Governance - Financial Crimes. 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. 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. 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 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. It is not intended for use by the general public. Our Board of Directors is committed to fostering and maintaining its diversity. 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. Privacy Policy and 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. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The Investor Solutions division is the company's Multi-Asset Solutions segment . Our peopleand their commitment to our clients successare what truly set Pershing apart. Morningstar Rating. 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. Follow us on Twitter @BNYMellon or visit our newsroom atwww.bnymellon.com/newsroomfor the latest company news. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and Additional information is available on www.bnymellon.com. 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. Brokerage services may be provided by Pershing Advisor Solutions LLC, member FINRA, SIPC. The Corporate Governance, Nominating and Social Responsibility Committee (the "Committee") is appointed by the Board of Directors (the "Board") for the following purposes: to review and identify individuals qualified to become Board members, consistent with criteria approved by the Board; to recommend to the Board the director nominees for the . 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. Wed like to share more about how we work and what drives our day-to-day business. Take a look at what you can expect and mark your calendar for INSITE 2023. $96K-$163K Per Year (Employer est.) 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. A meeting of the Committee may be called by its chairman or any two members of the Committee. 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. Paul is a strategic thinker and change agent who is passionate about improving our company. 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. New York, NY Easy Apply 30d+. Investment Reporting: Staying on Top in the New Era. 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. The Committee will review and assess the adequacy of this charter annually and recommend changes to the Board as necessary. Connect with over 2,000 forward-thinking attendees who represent every profession within the financial advice community. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Minutes of its meetings will be approved by the Committee and maintained on its behalf. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. Senior Executive VP & General Counsel at BNY Mellon . 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. Develop and improve features of our offerings. from 8 AM - 9 PM ET. The Committee will review and discuss policies with respect to risk assessment and risk management. 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. 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 ). Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, 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. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. How we use your information depends on the product and service that you use and your relationship with us. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. In addition, the Committee may perform the audit committee functions specified by 12C.F.R. "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY . Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. The registered office location is at Greenwich St, Ny . BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Investment Reporting: Staying on Top in the New Era. Additional information is available onwww.bnymellon.com. 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. The heads of these businesses will report to Ms. Portney from February 1, 2023. 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. This Executive Committee structure is in place since 2017. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. Terms of Service apply. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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 is a destination for top talent, and the addition of Dermot to our firm will further enhance the strength of our industry-leading team. 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. the Corporations compliance with legal and regulatory requirements. Hanneke was also a Non-Executive Director to the Court of the Bank of England, and a co-founder and first Chair of Level 20, a not-for-profit organization set up in 2015 to inspire women to join and succeed in the private equity industry. 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. She is also the President and a Board member of BNY Mellon, N.A., the company's national bank subsidiary. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). 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. Youll leave the conference with fresh intel on industry trends and the motivation to go beyond within your business and your career. Trademarks belong to their respective owners. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. 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. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. Ask us how we can help you transform your business. 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 If the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, the Committee will review with management the basis for its reports issued under 12 C.F.R. Director, Compliance Data Governance - Financial Crimes. to review and identify individuals qualified to become Board members, consistent with criteria approved by the Board; to recommend to the Board the director nominees for the next annual meeting of shareholders and to fill vacancies on the Board; to develop and recommend to the Board a set of corporate governance guidelines applicable to the Corporation and proposed changes to such guidelines from time to time as may be appropriate; to review and evaluate succession plans for the Chief Executive Officer ("CEO") of the Corporation; to implement and oversee the annual evaluation of the Board and the committees of the Board; and. We are proud of our client relationships, and we are stronger because of them. I am grateful for the support of my colleagues across the company as I take up my new role. Prior to Newton, she served on the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, having been Chief Investment Officer from 2008 to 2014. Prior to assuming his current role, he was the firm's international Controller. ", 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. Verify your identity, personalize the content you receive, or create and administer your account. INSITE is the essential event for the financial advice community. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. 67 min read. 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. Leader, Basketball Legend and Successful Entrepreneur. All Committee members will have knowledge of audit and risk management practices commensurate with the Corporations complexity and risk profile. Kevin McCarthy is a Senior Executive Vice President and General Counsel of BNY Mellon. $57K-$85K Per Year (Glassdoor est.) 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. Register All members will be "financially literate," at least one member will have "accounting or related financial management expertise" and, if the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, at least two members will have banking or related financial management expertise and no member will be a large customer, as such term is defined for purposes of 12 C.F.R. We are proud of our client relationships, and we are stronger because of them. 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. Mr. Gibbons has held numerous leadership positions over his tenure, including as CEO since September 2019. 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. This site is protected by reCAPTCHA and the Google 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. Weve spent more than two decades perfecting our craft and cant wait to celebrate INSITEs 25th anniversary with you in Orlando, FL. Charter of the Corporate Governance, Nominating and Social Responsibility Committee of the Board of Directors, The Bank of New York Mellon Corporation. The effort requires the entire 50,000-person company to challenge and change how many areas operate by attacking old, bureaucratic processes and ways of thinking. 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.

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