9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. She leads the. Mr. Gibbons has held numerous leadership positions over his tenure, including as CEO since September 2019. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. INSITE is the essential event for the financial advice community. 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. Quote. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. 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 Deputy Chief Compliance Officer - Investments and Securities. 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. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY Mellon. 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. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. We are proud of our client relationships, and we are stronger because of them. 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. 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. I am grateful for the support of my colleagues across the company as I take up my new role. In addition, the Committee may perform the audit committee functions specified by 12C.F.R. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Investor Solutions division is the company's Multi-Asset Solutions segment . Take a look at what you can expect and mark your calendar for INSITE 2023. 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. 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. 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. Director, Compliance Data Governance - Financial Crimes. Bank of New York Mellon Corp BK Executive. Register News. 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. 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. Additional information is available on www.bnymellon.com. When typing in this field, a list of search results will appear and be automatically updated as you type. The Committee shall meet as frequently as is necessary to fulfill its duties and responsibilities, but not less frequently than three times per year. The Corporation shall provide for appropriate funding, as determined by the Committee, for payment of compensation to any public accountants engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Corporation. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. 363.5(b), of such insured depository institution. The Executive Committee of NIBC consists of four statutory Managing Board members complemented by non-statutory Executive Committee members. BNY Mellon recently embarked on an effort, co-sponsored by Portney, targeted at reducing bureaucracy and increasing efficiency across the firm. Successful Entrepreneur, President and Chief Executive Officer The Committee will review and discuss policies . ", 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. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. 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. 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. Mr. Vince will report to Todd Gibbons, CEO of BNY Mellon, and will join BNY Mellon's Executive Committee. Joseph J. Echevarria, Independent Chair of the Board of Directors, said: "Today's announcement is the culmination of the Board and Todd's well-planned, thorough and orderly succession process to ensure continuity of leadership and BNY Mellon's continued success. 2023 THE BANK OF NEW YORK MELLON CORPORATION. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. 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. 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. McDonogh, currently a top Goldman Sachs executive, will join BNY Mellon in November and take the CFO spot in February. Unless subsequently amended, such policy shall be that the Corporation will not hire any employee or former employee of the registered independent public accountants if such hiring would cause the registered independent public accountants to cease to be independent under applicable rules of the SEC. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our Board of Directors is committed to fostering and maintaining its diversity. 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. $96K-$163K Per Year (Employer est.) Mr. Camp will continue to report to Todd Gibbons, Chief Executive Officer, Clearing, Markets and Client Management. 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 can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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. The Committee shall discuss with the registered independent public accountants the overall scope and plans for its audit, including the adequacy of staffing. 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. 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. 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. Global HR Executive with expertise in Financial Services, leading large global HR teams, transformation of HR organizations, change management and talent development. 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 Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and an MBA from the London Business School. 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. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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. 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. Location. Additional information is available onwww.bnymellon.com. Paul is a strategic thinker and change agent who is passionate about improving our company. 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. Download image Paulus de Wilt The Corporate Governance, Nominating and Social Responsibility Committee (the "Committee") is appointed by the Board of Directors (the "Board") for the following purposes: 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 . "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. Trademarks belong to their respective owners. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. 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. Weve spent more than two decades perfecting our craft and cant wait to celebrate INSITEs 25th anniversary with you in Orlando, FL. Investment Reporting: Staying on Top in the New Era. 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. from 8 AM - 9 PM ET. 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. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Additional information is available on www.bnymellon.com. ", 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. Her first career was in the international art auction industry in New York City, Latin America and the west coast. Work. 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. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. 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. 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. Applications are subject to approval. 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 Bank of New York Mellon Corporation reports . Catherine Keating is the CEO of BNY Mellon's Investor Solutions and Wealth Management divisions, and a member of BNY Mellon's Executive Committee. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. 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. 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. Ms. Portney will then assume a new role leading the company's Treasury Services, Credit Services, and Clearance & Collateral Management businesses. Follow us on Twitter @BNYMellon or visit. We are proud of our client relationships, and we are stronger because of them. 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. 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. In. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, C.F.R. Engage directly with experts with unique learning opportunities that are tailored to you and your business. 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. 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. Chart. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. The Committee will review with management and the registered independent public accountants the content and the basis for reports relating to internal controls over financial reporting as required under the Federal Deposit Insurance Corporation Improvement Act of 1991. We are proud of our client relationships, and we are stronger because of them. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. 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. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. Ms. Portney will continue serving as CFO through January 31, 2023 and will work closely with Mr. McDonogh to ensure a seamless transition. All Committee members will have knowledge of audit and risk management practices commensurate with the Corporations complexity and risk profile. 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. Senior Executive VP & General Counsel at BNY Mellon . 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 also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Annually, the Committee will prepare an Audit Committee Report as required by the Securities and Exchange Commission (the "SEC") to be included in the Corporation's proxy statement. 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 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. He is also a member of the BNY Mellon Executive Committee. These areas may include, among other matters, the Corporations methods for identifying and managing risks, and significant matters including, but not limited to, investment portfolio issues, frauds, regulatory enforcement actions, litigation or whistleblower matters, and technology issues. 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. Hanneke is the Global Chair of the 30% Club, a role she assumed in February 2023. 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 is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. Development Opportunities: 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. 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. Before joining Adams Street, she was an investment manager at Pantheon Ventures, and worked for Philips China Hong Kong Group. Pittsburgh, PA 4d. This site is protected by reCAPTCHA and the Google Our lineup of keynote speakers includes some of the most sought-after leaders across multiple disciplines to help fuel growth and transformationwith more exciting speakers coming soon! ", 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. 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. Investment Reporting: Staying on Top in the New Era. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The members of the Managing Boards of NIBC Holding N.V. and NIBC Bank N.V. are the same. Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management Biography Claire Santaniello Managing Director Biography Emily Schlosser Chief Operating Officer Biography Thomas Sholes Chief Strategy Officer Biography Ainslie Simmonds President, Pershing X Biography Margreet van Dijk Managing Director 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. 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. 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).
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