Mr. Kumar, who joins the. We are proud of our client relationships, and we are stronger because of them. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. DAVID WALTER MILLER (Registration #2235224) is an attorney in Ny admitted in the Second Judicial Department (seated in Brooklyn) of New York State in 1989, registered with the Office of Court Administration (OCA) of New York State Unified Court System. Download membership application form | Download benefits of membership Additional information is available on www.bnymellon.com. Connect with over 2,000 forward-thinking attendees who represent every profession within the financial advice community. How we use your information depends on the product and service that you use and your relationship with us. NEW YORK, July 6, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Dermot McDonogh has been appointed as Chief Financial Officer ("CFO") for the company, effective February 1, 2023. Please visit www.Dreyfus.com 67 min read. 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. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. Annually, the Committee shall review management's report on internal control over financial reporting to be included in the Corporation's Annual Report on Form 10-K. 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. Mitchell Harris to Retire as CEO of BNY Mellon Investment Management 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. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. Charter of the Audit Committee of the Board of Directors, The Bank of New York Mellon Corporation. The members of our highly knowledgeable and skilled management team provide stability in leadership, averaging more than a decade each with Pershing. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. 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 will review and discuss policies with respect to risk assessment and risk management. Investment Reporting: Staying on Top in the New Era. Chief Executive Officer, BNY Mellon Investment Management. All rights reserved. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and 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. Prior to HSBC, Paul was CFO of Circle Internet Financial, and previously held senior roles at JP Morgan and Deutsche Bank. Grace L. Russak 201 South Lake Avenue | Wealth Management, Asset BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Chart. 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 adopting this Charter, the Board acknowledges that the Committee members are not employees of the Corporation and are not providing any expert or special assurance as to the Corporation's financial statements or any professional certification as to the work of the Corporation's independent public accountants or the auditing standards applied. The Committee will review and discuss policies . Kevin McCarthy is a Senior Executive Vice President and General Counsel of BNY Mellon. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 363.2(b). Mr. Gibbons has held numerous leadership positions over his tenure, including as CEO since September 2019. Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit. Senior Executive VP & General Counsel at BNY Mellon . "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. Managing DirectorHead of Wealth Solutions, Chief Executive Officer, Pershing Limited, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management. 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. 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 . 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. 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. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. He joined Goldman Sachs in 1994 as a product controller in the Finance Division. 2023 THE BANK OF NEW YORK MELLON CORPORATION. The Committee will review and assess the adequacy of this written charter annually and recommend changes to the Board of Directors as necessary. Our People | Newton Boston, MA, US. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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. 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. The Committee may receive summary annual reports from audit committees of subsidiaries of the Corporation. 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. Bank custody provided by BNY Mellon, N.A, member FDIC. Develop and improve features of our offerings. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Ask us how we can help you transform your business. Before joining Adams Street, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. 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. 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. BNY Mellon Announces Leadership Succession Plan Naming Robin - Insider Prior to assuming his current role, he was the firm's international Controller. Successful Entrepreneur, President and Chief Executive Officer 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). from 8 AM - 9 PM ET. We sell different types of products and services to both investment professionals and individual investors. 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. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. 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. New York, NY Easy Apply 30d+. 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. 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. 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. His experience across a broad array of businesses will make him a valuable addition to our Executive Committee as we continue to focus on organic growth and evolve BNY Mellon's capabilities to better serve our clients," Charlie Scharf, chairman and chief executive officer of BNY Mellon, said. Read our editorial policy to learn more about our process. 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. 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. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK ). Audit Committee | BNY Mellon 5 free lookups per month. 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. 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 Names Dermot McDonogh as Next Chief Financial Officer; Emily Development Opportunities: Get the most out of the BNY Mellon | Pershing ecosystem and learn how to optimize the tools and services you use daily. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, Director, Compliance Data Governance - Financial Crimes. 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. 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.". 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. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. 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. Hanneke Smits | BNY Mellon 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. MediaJennifer Hendricks Sullivan+1 212 635 1374[emailprotected], AnalystsScott Freidenrich+1 212 635 1855[emailprotected], Cision Distribution 888-776-0942 INSITE is the essential event for the financial advice community. BK - Bank of New York Mellon Corp Executive - NYSE | Morningstar 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. World-class leaders and industry luminaries come together to share thought-provoking narratives that are sure to inspire.
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