", 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. McDonogh, currently a top Goldman Sachs executive, will join BNY Mellon in November and take the CFO spot in February. 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 employer is BNY MELLON. 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. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. Bank custody provided by BNY Mellon, N.A, member FDIC. Hanneke is the Global Chair of the 30% Club, a role she assumed in February 2023. In addition, the Committee will review in a general manner the processes used by the Corporation to manage and assess its risk through the Risk Committee of the Board and the management-level risk committees. Additional information is available onwww.bnymellon.com. BNYMellon. Mr. McDonogh joins BNY Mellon from Goldman Sachs, where he has worked for over 25 years, most recently as Chief Operating Officer for EMEA and CEO of Goldman Sachs International Bank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. This site is protected by reCAPTCHA and the Google BNY Mellon About Bridget E. Engle is Senior Executive Vice President and Chief Information Officer for BNY Mellon and a member of the company's Executive Committee. Learn how it impacts everything we do. The Committee may receive summary annual reports from audit committees of subsidiaries of the Corporation. No credit card required. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. The revolutionary platform and complete solution for advisors, Money Market Mutual Fund & FDIC-Insured Deposits Program Rates & Bank Lists. 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. Investment Reporting: Staying on Top in the New Era. executive offices no earlier than December 2, 2023 and no later than 5:00 p.m., Eastern time, on January 1, 2024. He was a member of Goldman Sachs' Firmwide Risk Committee, Firmwide Asset Liability Committee and European Management Committee. How we use your information depends on the product and service that you use and your relationship with us. The registered office location is at Greenwich St, Ny . Robin has been a significant contributor to the company, our strategy and growth agenda. Trademarks belong to their respective owners. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. 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. 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. 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. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. Pittsburgh, PA 4d. 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. Gear advertisements and other marketing efforts towards your interests. Registered Independent Public Accountants. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. 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. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, 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. At the end of 2020, 27% of our Board of Directors were women and 36% of our 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. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. 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 Annually, on the basis of its review and discussion of such matters, the Committee shall recommend to the Board of Directors that the audited financial statements be included in the Corporation's annual report on Form 10-K for filing with the SEC. Engage directly with experts with unique learning opportunities that are tailored to you and your business. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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. 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. 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. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. The Committee shall approve audit plans (and amendments to audit plans), resources, budgets and the outsourcing of functions to external vendors, if applicable. BNY Mellon recently embarked on an effort, co-sponsored by Portney, targeted at reducing bureaucracy and increasing efficiency across the firm. review corporate operations and programs regarding human rights, as reflected in the Corporations policies and actions toward suppliers, clients and communities. 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. 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. 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 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. News. from 8 AM - 9 PM ET. 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. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and an MBA from the London Business School. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. In connection with this evaluation, at least annually, the Committee shall obtain and review a report by the registered independent public accountants describing: the firm's internal quality-control procedures; any material issues raised by the most recent internal quality-control review or peer review of the firm or by any inquiry or investigation by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the firm, and any steps taken to deal with any such issues; the results of the most recent review of the firm by the Public Company Accounting Oversight Board (the PCAOB); and (to assess the registered independent accountants' independence) all relationships between the registered independent public accountants and the listed company (including, in the latter regard, the annual communications required under applicable requirements of the PCAOB regarding the independent accountant's communications with the audit committee concerning independence). 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. The Bank of New York Mellon Corporation reports . 67 min read. 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.