As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. 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). McDonogh, currently a top Goldman Sachs executive, will join BNY Mellon in November and take the CFO spot in February. review corporate operations and programs regarding human rights, as reflected in the Corporations policies and actions toward suppliers, clients and communities. ", 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. If the 2024 Annual Meeting of Stockholders is . 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. Follow us on Twitter @BNYMellon or visit. NIBC Bank | Executive Committee of NIBC The revolutionary platform and complete solution for advisors, Money Market Mutual Fund & FDIC-Insured Deposits Program Rates & Bank Lists. 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. Paul is a strategic thinker and change agent who is passionate about improving our company. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. 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. 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 shall oversee the process for the resolution of any such disagreement. Jim leads a team of experienced professionals dedicated to helping clients . We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. The attorney was graduated from GEORGE WASHINGTON UNIVERSITY. Minutes of its meetings will be approved by the Committee and maintained on its behalf. the Corporations compliance with legal and regulatory requirements. from 8 AM - 9 PM ET. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. We sell different types of products and services to both investment professionals and individual investors. BK - Bank of New York Mellon Corp Executive - NYSE | Morningstar 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. Terms of Service apply. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Verify your identity, personalize the content you receive, or create and administer your account. Prior to joining BNY Mellon in August 2018, Paul led global teams across Cash Management, Trade Finance and Commercial Payments for over 25 years. 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. to oversee the Corporations operations and programs regarding environmental, social, and governance ("ESG") matters, promoting a culture that emphasizes and sets high standards for corporate social responsibility, and review corporate performance against those standards. 5 free lookups per month. 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 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. 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). 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. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, C.F.R. Quote. James T. Crowley | BNY Mellon | Pershing Follow us on Twitter @BNYMellon or visit our newsroom atwww.bnymellon.com/newsroomfor the latest company news. 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. Welcome to BNY Mellon Investment Management | BNY Mellon Toggle Site Nav Contact Us investor. World-class leaders and industry luminaries come together to share thought-provoking narratives that are sure to inspire. Prior to HSBC, Paul was CFO of Circle Internet Financial, and previously held senior roles at JP Morgan and Deutsche Bank. Youll leave the conference with fresh intel on industry trends and the motivation to go beyond within your business and your career. 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 next annual meeting of shareholders and to fill vacancies on the Board; to develop and recommend to the Board a set of corporate governance guidelines applicable to the Corporation and proposed changes to such guidelines from time to time as may be appropriate; to review and evaluate succession plans for the Chief Executive Officer ("CEO") of the Corporation; to implement and oversee the annual evaluation of the Board and the committees of the Board; and. 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. Learn how it impacts everything we do. 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 is responsible for maintaining open communication between the Committee and the registered independent public accountants, Internal Audit, management, and the Board of Directors. BNY Mellon hires Goldman Sachs veteran as its next CFO To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Additional information is available on www.bnymellon.com. Charter of the Corporate Governance, Nominating and Social Responsibility Committee of the Board of Directors, The Bank of New York Mellon Corporation. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. This Executive Committee structure is in place since 2017. At least annually, the Committee shall review and approve Internal Audits charter, budget and staffing levels, and the audit plan and overall risk-assessment methodology. Hanneke Smits | BNY Mellon 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 members of our highly knowledgeable and skilled management team provide stability in leadership, averaging more than a decade each with Pershing. Catherine Keating - Chief Executive Offic.. - BNY Mellon - ZoomInfo The Committee will review and discuss policies with respect to risk assessment and risk management. ", 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. The Committee will review and assess the adequacy of this charter annually and recommend changes to the Board as necessary. The Committee shall approve audit plans (and amendments to audit plans), resources, budgets and the outsourcing of functions to external vendors, if applicable. 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. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 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 employer is BNY MELLON. Successful Entrepreneur, President and Chief Executive Officer Work collaboratively with Corporate and divisional teams to achieve organizational objectives and ensure alignment with Bank-wide activities. 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. 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. 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. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK ). Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. 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. Mr. Vince currently serves as Vice Chair of BNY Mellon and CEO of Global Market Infrastructure, which includes BNY Mellon's Pershing, Treasury Services, and Clearance and Collateral Management lines of business as well as Markets & Execution Services. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Board of Directors has appointed Robin Vince to be his successor at that time. BNY Mellon. 363.2(b). 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). 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. 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. News. 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. In addition, the Committee may perform the audit committee functions specified by 12C.F.R. 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-most governing body. Engage directly with experts with unique learning opportunities that are tailored to you and your business. PDF Exhibit 13.1 FINANCIAL SECTION Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellons Executive Committee. 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. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. 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. The Committee shall also review the registered independent public accountants' attestation and report on management's assessment regarding the Corporation's internal controls over financial reporting. BNY Mellon recently embarked on an effort, co-sponsored by Portney, targeted at reducing bureaucracy and increasing efficiency across the firm. The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. 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! Our Board of Directors is committed to fostering and maintaining its diversity. Catherine Keating - Chief Executive Officer - BNY Mellon Wealth 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. 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. The Bank of New York Mellon Corporation (NYSE:BK) Q1 2023 Earnings Call Investment Reporting: Staying on Top in the New Era. "Paul's leadership will be key in driving innovation in Treasury Services, an important business for BNY Mellon and our future growth. 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. Kevin McCarthy - Senior Execut.. - BNY Mellon *Verified* | ZoomInfo When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Before joining BNY Mellon, Ms. Portney was CFO for Barclays International. The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. Copyright 2023 Morningstar, Inc. All rights reserved. The Investor Solutions division is the company's Multi-Asset Solutions segment . 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 President and Chief Executive Officer, BNYMellon, Chief Information Officer and Head of Engineering, Global Head of Enterprise Execution and Chief Corporate Affairs Officer, Senior Executive Vice President and Chief Risk Officer, Senior Executive Vice President and General Counsel, Senior Executive Vice President and Chief Executive Officer, Securities Services and Digital, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management, Senior Executive Vice President and Chief Growth Officer, Chief Executive Officer, BNY Mellon Marketsand Execution Services, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. "We are thrilled to welcome Dermot to BNY Mellon," said Robin Vince, CEO-elect of BNY . Exclusive hotel rates are available to INSITE attendees through our official housing website. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. 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. 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 Wed like to share more about how we work and what drives our day-to-day business. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. The heads of these businesses will report to Ms. Portney from February 1, 2023. The Committee shall approve the appointment of the Chief Audit Executive, who will report directly to the Committee. 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. 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 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. 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. BNY Mellon Appoints Robin Vince as Vice Chair and CEO of Global Market 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) . 67 min read. Ask us how we can help you transform your business. 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. 2023 THE BANK OF NEW YORK MELLON CORPORATION. Chart. A meeting of the Committee may be called by its chairman or any two members of the Committee. Mr. Vince will initially serve as President and CEO-elect, effective immediately, working closely with Mr. Gibbons to ensure a seamless and orderly transition of responsibilities. Leader, Basketball Legend and Successful Entrepreneur. 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 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. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics.