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 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. Before joining BNY Mellon, Ms. Portney was CFO for Barclays International. Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. 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. 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. These products and services are usually sold through license agreements or subscriptions. "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. Embrace the opportunity to expand your knowledge and your network. 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. 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. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, Ask us how we can help you transform your business. Morningstar Rating. How we use your information depends on the product and service that you use and your relationship with us. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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). Paul is a strategic thinker and change agent who is passionate about improving our company. Weve spent more than two decades perfecting our craft and cant wait to celebrate INSITEs 25th anniversary with you in Orlando, FL. Committee members and the Committee Chairman shall be appointed annually by the Board on the recommendation of the Committee and serve at the pleasure of the Board. 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). If the 2024 Annual Meeting of Stockholders is . I am grateful for the support of my colleagues across the company as I take up my new role. We are proud of our client relationships, and we are stronger because of them. 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. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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 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. 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. Prior to joining Northern Trust, Grace spent over 9 years at a large national financial institution (BNY Mellon) and over 15 years as an executive at a Pasadena-area private multi-family office/trust company (Whittier Trust Company). The Committee will assist the Board in fulfilling its oversight responsibilities in respect of: The Committee's function is one of oversight, recognizing that the Corporation's management is responsible for preparing the Corporation's financial statements, and the independent public accountants are responsible for auditing those statements. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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. The attorney was graduated from GEORGE WASHINGTON UNIVERSITY. Terms of Service apply. 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 and discuss policies . 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. 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. the Corporations compliance with legal and regulatory requirements. 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 financial forecasts, operating budgets, capital expenditures and expense management programs and progress relative to targets and relative to competitors. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. Leader, Basketball Legend and Successful Entrepreneur. 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. 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. The members of the Managing Boards of NIBC Holding N.V. and NIBC Bank N.V. are the same. 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). She joined Adams Street in 1997 to build out its global investment capabilities, and successfully launched its presence in Europe and Asia. A meeting of the Committee may be called by its chairman or any two members of the Committee. Werent able to join us last year in Texas? BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Transparency is our policy. 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. Global HR Executive with expertise in Financial Services, leading large global HR teams, transformation of HR organizations, change management and talent development. Her first career was in the international art auction industry in New York City, Latin America and the west coast. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. The Committee shall establish procedures for the receipt, retention and treatment of complaints received by the Corporation regarding accounting, internal accounting controls or auditing matters, and for the confidential, anonymous submission by Corporation employees of concerns regarding questionable accounting or auditing matters. 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. 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. 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. Download image Paulus de Wilt 1 "Executive Leaders" equates to the Executive Committee | 2 "Senior Leaders" include Managing Directors and Directors (S and M grades, inclusive of managers and independent contributors) . ", 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. He will have oversight of BNY Mellon's Clearance and Collateral Management,. 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. Additional information is available on www.bnymellon.com. Additional information is available on www.bnymellon.com. Bank of New York Mellon Corp BK Executive. 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 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. Chart. Successful Entrepreneur, President and Chief Executive Officer Before joining Adams Street, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. 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. 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. 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. 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. Jim Crowley is the Chief Executive Officer and Chair of the Executive Committee for Pershing. INSITE is the essential event for the financial advice community. Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. 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. Bank custody provided by BNY Mellon, N.A, member FDIC. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Exclusive hotel rates are available to INSITE attendees through our official housing website. Investment Reporting: Staying on Top in the New Era. 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 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. BNY Mellon recently embarked on an effort, co-sponsored by Portney, targeted at reducing bureaucracy and increasing efficiency across the firm. 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 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 registered office location is at Greenwich St, Ny . 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. Investment Reporting: Staying on Top in the New Era. 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. 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. She leads the. Prior to HSBC, Paul was CFO of Circle Internet Financial, and previously held senior roles at JP Morgan and Deutsche Bank. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. $96K-$163K Per Year (Employer est.) 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. The Committee will review and discuss policies with respect to risk assessment and risk management. Welcome to BNY Mellon Investment Management | BNY Mellon Toggle Site Nav Contact Us investor. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. The Committee may receive summary annual reports from audit committees of subsidiaries of the Corporation. About BNY MellonBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. 2023 Pershing LLC. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. All rights reserved. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 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. Verify your identity, personalize the content you receive, or create and administer your account. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. At the end of 2020, 27% of our Board of Directors were women and 36% of our Pittsburgh, PA 4d. The Committee shall approve audit plans (and amendments to audit plans), resources, budgets and the outsourcing of functions to external vendors, if applicable. In addition to his BNY Mellon experience, Robin brings a global perspective and an exceptional understanding of capital markets, coupled with a strong commercial orientation and a wealth of experience from his various leadership roles over 26 years at Goldman Sachs. Our Board of Directors is committed to fostering and maintaining its diversity. MediaJennifer Hendricks Sullivan+1 212 635 1374[emailprotected], AnalystsScott Freidenrich+1 212 635 1855[emailprotected], Cision Distribution 888-776-0942 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. BNY Mellon. 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. She is also the President and a Board member of BNY Mellon, N.A., the company's national bank subsidiary. The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. INSITE is the essential event for the financial advice community. The Committee shall report its activities to the Board on a regular basis and make such recommendations as it deems necessary or appropriate. We are proud of our client relationships, and we are stronger because of them. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The Committee shall perform an annual evaluation of the registered independent public accountants' qualifications, performance, and independence and the performance of the lead engagement partner. Registered Independent Public Accountants. Engage directly with experts with unique learning opportunities that are tailored to you and your business. The Nominating Committee (the "Committee") of each fund in the BNY Mellon Family of Funds (each, the "Fund") shall be composed solely of Directors/Trustees Download membership application form | Download benefits of membership "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. | Rating as of Apr 21, 2023. 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. 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. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. 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.