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.". World-class leaders and industry luminaries come together to share thought-provoking narratives that are sure to inspire. 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. Privacy Policy and Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. Download image Paulus de Wilt Before joining Adams Street, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. Learn how it impacts everything we do. 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. 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. 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. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. The Committee shall oversee the process for the resolution of any such disagreement. 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. The Investor Solutions division is the company's Multi-Asset Solutions segment . 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. She leads the. The Committee will receive reports from the Chief Compliance Officer on the Corporation's compliance with legal and regulatory requirements, on at least an annual basis. 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. 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. Annually, the Committee shall recommend that the Board request shareholder ratification of the appointment of the registered independent publicaccountants. The Committee shall report its activities to the Board on a regular basis and make such recommendations as it deems necessary or appropriate. Annually, or at other appropriate intervals, the Committee shall review and set the compensation of the Chief Audit Executive. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY . 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. 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. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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 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. 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. Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. The Committee shall also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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. Mr. Gibbons has held numerous leadership positions over his tenure, including as CEO since September 2019. 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. 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. The revolutionary platform and complete solution for advisors, Money Market Mutual Fund & FDIC-Insured Deposits Program Rates & Bank Lists. Additional information is available on www.bnymellon.com. Exclusive hotel rates are available to INSITE attendees through our official housing website. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and an MBA from the London Business School. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. 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. 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. 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 Executive Committee of NIBC consists of four statutory Managing Board members complemented by non-statutory Executive Committee members. Youll leave the conference with fresh intel on industry trends and the motivation to go beyond within your business and your career. ", Mr. Gibbons said: "It has been an honor working for BNY Mellon over the last 36 years, in part because I firmly believe in the company's core mission and the value our services bring to clients and society. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. Registered Independent Public Accountants. 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. At INSITE, education is right at your fingertips. Carey closes on 500M term loan maturing in 2026, 5 Stocks That Will Benefit From Bed Bath & Beyonds Bankruptcy, Wednesday Is Your Last Chance To Buy Bank of New York Mellon Before The Dividend Payout, J.P. Morgan Keeps Their Hold Rating on Bank of New York Mellon Corporation (BK), Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK), Prologis (PLD) and Toronto Dominion Bank (TD), Registration on or use of this site constitutes acceptance of our. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. the integrity of the Corporation's financial reporting and systems of internal controls regarding finance and accounting; the integrity of the Corporation's financial statements; the performance of the Corporation's internal audit function (Internal Audit); the qualifications, independence and performance of the registered independent public accountants; and. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. The Board of Directors will determine whether any member of the Audit Committee is an audit committee financial expert as defined by rules of the SEC. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. 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. These products and services are usually sold through license agreements or subscriptions. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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 may deem appropriate. We are proud of our client relationships, and we are stronger because of them. 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. 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. 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. The Committee shall also include separate executive sessions with the Corporation's Chief Financial Officer, General Counsel, and Chief Compliance Officer periodically, and as needed. The Committee will periodically review with management the Corporation's policies and positions taken on tax issues. 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. Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management Meet Brian Akash Shah Senior Executive Vice President and Chief Growth Officer Meet Akash Hanneke Smits Chief Executive Officer, Investment Management Meet Hanneke Adam Vos Chief Executive Officer, BNY Mellon Markets and Execution Services 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 . 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. Non-Executive Chair of Apollo Global Management and Former Chair of SEC, Chief Executive Officer and Co-founder, We are proud of our client relationships, and we are stronger because of them. INSITE is the essential event for the financial advice community. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Investment Reporting: Staying on Top in the New Era. The Committee shall discuss with the registered independent public accountants the overall scope and plans for its audit, including the adequacy of staffing. 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. 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. 363.2(b). Read our editorial policy to learn more about our process. 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. Our peopleand their commitment to our clients successare what truly set Pershing apart. Jim Crowley is the Chief Executive Officer and Chair of the Executive Committee for Pershing. 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 may receive summary annual reports from audit committees of subsidiaries of the Corporation. McDonogh, currently a top Goldman Sachs executive, will join BNY Mellon in November and take the CFO spot in February. the Corporations compliance with legal and regulatory requirements. Investment Reporting: Staying on Top in the New Era. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. Our Board of Directors is committed to fostering and maintaining its diversity. 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 shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. Investment Reporting: Staying on Top in the New Era. The Committee shall meet as frequently as necessary to fulfill its duties and responsibilities, but not less frequently than quarterly. 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. 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 Bank of New York Mellon Corp BK Executive. As an alternative to pre-approving each audit and non-audit service, the Committee may establish and disclose policies and procedures for pre-approval, provided that they meet the requirements of applicable laws and regulations. BNYMellon. When typing in this field, a list of search results will appear and be automatically updated as you type. The employer is BNY MELLON. Start with the FINANCIAL PROFESSIONALS INDIVIDUAL INVESTORS INSTITUTIONAL INVESTORS AND CONSULTANTS Are you a cash management professional? BNY Mellon plays a critical role in the global financial system, and it is our spirit of innovation, deep client relationships and culture that differentiate the company. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. 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. 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) . 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. $57K-$85K Per Year (Glassdoor est.) Successful Entrepreneur, President and Chief Executive Officer A meeting of the Committee may be called by its chairman or any two members of the Committee. 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. 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. At the end of 2020, 27% of our Board of Directors were women and 36% of our Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. This site is protected by reCAPTCHA and the Google 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. 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. Ask us how we can help you transform your business. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Additional information is available on www.bnymellon.com. She joined Adams Street in 1997 to build out its global investment capabilities, and successfully launched its presence in Europe and Asia. 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 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. Minutes of its meetings will be approved by the Committee and maintained on its behalf. 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 and wealth management and investment services in 35 countries. The Committee shall meet as frequently as is necessary to fulfill its duties and responsibilities, but not less frequently than three times per year. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. President and Chief Executive Officer BNY Mellon About Robin JUNE 6-8, 2023 | ORLANDO, FL Ready to Go Beyond? Download membership application form | Download benefits of membership Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries.
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