BNY Mellon has appointed Thomas Gibbons as its CEO, effective 30 March.
A veteran at the firm, Gibbons was previously serving as the interim CEO since September 2019.
Over his 34 years of service, Gibbons has served in multiple roles such as vice chairman and CEO of clearing, markets and client management - a role that brought in about half of BNY Mellon’s earnings.
Prior to that, he was CFO for nine years, and chief risk policy officer for six years, where he overlooked credit, operational and market risk management.
Joseph Echevarria, a member of BNY Mellon’s board of directors said: ‘We are excited to appoint Todd as our CEO, a role he has performed exceptionally on an interim basis.’
‘Todd is an accomplished and respected leader who is well known to all of our stakeholders, with a deep connection to the company and its client base,’ he said.
This announcement comes at a time when BNY Mellon’s £5bn global equity income team is preparng to exit the company. Nick Clay and three others have announced plans to leave subsidiary Newton Investment Management.