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. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK) and may be used to reference the corporation as a . The members of the Managing Boards of NIBC Holding N.V. and NIBC Bank N.V. are the same. Jim leads a team of experienced professionals dedicated to helping clients . As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Investor Solutions division is the company's Multi-Asset Solutions segment . As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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. "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. Minutes of its meetings will be approved by the Committee and maintained on its behalf. Trademarks belong to their respective owners. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. Additional information is available on www.bnymellon.com. 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. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. INSITE is the essential event for the financial advice community. 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. Werent able to join us last year in Texas? "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY . 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. 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. 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. We sell different types of products and services to both investment professionals and individual investors. At INSITE, education is right at your fingertips. from 8 AM - 9 PM ET. 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 . The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. 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. 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. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. 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. To be admitted as a Member or as an Observer, an organisation may apply in writing to the Secretariat via greenbonds@icmagroup.org, socialbonds@icmagroup.org, sustainabilitybonds@icmagroup.org. 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. Registered Independent Public Accountants. Her first career was in the international art auction industry in New York City, Latin America and the west coast. Weve spent more than two decades perfecting our craft and cant wait to celebrate INSITEs 25th anniversary with you in Orlando, FL. | Rating as of Apr 21, 2023. Meetings of the Committee shall include separate executive sessions with the Chief Audit Executive and the Corporation's registered independent public accountants, quarterly and as needed. You can expect a first look at the newest digital products and services, immersive learning experiences with industry innovators and networking opportunities with the top advisors and influencers in the business. 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. 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. Pittsburgh, PA 4d. Work collaboratively with Corporate and divisional teams to achieve organizational objectives and ensure alignment with Bank-wide activities. About BNY MellonBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. 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. These products and services are usually sold through license agreements or subscriptions. 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. A meeting of the Committee may be called by its chairman or any two members of the Committee. Director, Compliance Data Governance - Financial Crimes. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. 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. 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. 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). Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. The Committee has the direct responsibility to annually review the performance of the Chief Audit Executive and, as appropriate, replace the Chief Audit Executive. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. He will have oversight of BNY Mellon's Clearance and Collateral Management,. ", 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. Investment Reporting: Staying on Top in the New Era. Gear advertisements and other marketing efforts towards your interests. 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. The Committee shall meet as frequently as necessary to fulfill its duties and responsibilities, but not less frequently than quarterly. 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. 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. Each Committee member shall be entitled to rely on the integrity of those persons and organizations within and outside the Corporation that provide information to the Committee and on the accuracy and completeness of the financial and other information provided to the Committee, absent actual knowledge to the contrary. 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. 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. All Committee members will have knowledge of audit and risk management practices commensurate with the Corporations complexity and risk profile. 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 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 will consist of a majority of members who are not also members of any committee to which such national bank subsidiarys board of directors has delegated power to manage and control the fiduciary activities of such national bank subsidiary. No credit card required. Investment Reporting: Staying on Top in the New Era. 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. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK ). 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. 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. Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. INSITE is the essential event for the financial advice community. The Committee shall approve audit plans (and amendments to audit plans), resources, budgets and the outsourcing of functions to external vendors, if applicable. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. 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. This site is protected by reCAPTCHA and the Google The Committee shall approve the appointment of the Chief Audit Executive, who will report directly to the Committee. Engage directly with experts with unique learning opportunities that are tailored to you and your business. Additional information is available on www.bnymellon.com. 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. 5 free lookups per month. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. 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. 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. Adept at collaborating with. Register A meeting of the Committee may be called by its chairman or any two members of the Committee. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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 and the Corporate Governance, Nominating and Social Responsibility Committee may deem appropriate. Copyright 2023 Morningstar, Inc. All rights reserved. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. Read our editorial policy to learn more about our process. Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. 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. Embrace the opportunity to expand your knowledge and your network. 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. 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. Applications are subject to approval. Wed like to share more about how we work and what drives our day-to-day business. MediaJennifer Hendricks Sullivan+1 212 635 1374[emailprotected], AnalystsScott Freidenrich+1 212 635 1855[emailprotected], Cision Distribution 888-776-0942 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. 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. Develop and improve features of our offerings. 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. 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. 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. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and All rights reserved. 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. Development Opportunities: 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. 363.5(b), of such insured depository institution. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. It is not intended for use by the general public. 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. 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. 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.". Follow us on Twitter @BNYMellon or visit. 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.
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