The Bank of New York Mellon Corporation has announced today that Thomas P (Todd) Gibbons has been appointed Chief Executive Officer, effective immediately, having served as interim CEO since September 2019.

Joseph Echevarria, a member of BNY Mellon's Board of Directors since February 2015, will continue to serve as Independent Chairman of the Board.

Echevarria said: "We are excited to appoint Todd as our Chief Executive Officer, a role he has performed exceptionally on an interim basis. The Board conducted a comprehensive search process over a number of months, and we concluded he is the right person for the job.

"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 has a tremendous understanding of what's needed to drive the company's success in the future, and we look forward to continuing to work with him."

Prior to being named interim CEO, Gibbons served as Vice Chairman and CEO of Clearing, Markets and Client Management, a role that represented about half of BNY Mellon's earnings.

Prior to that, he was BNY Mellon's Chief Financial Officer for nine years and Chief Risk Policy Officer for six years, among others during his career with the company.

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The Bank of New York Mellon Corporation has announced today that Thomas P (Todd) Gibbons has been appointed Chief Executive Officer, effective immediately, having served as interim CEO since September 2019.

Joseph Echevarria, a member of BNY Mellon's Board of Directors since February 2015, will continue to serve as Independent Chairman of the Board.

Echevarria said: "We are excited to appoint Todd as our Chief Executive Officer, a role he has performed exceptionally on an interim basis. The Board conducted a comprehensive search process over a number of months, and we concluded he is the right person for the job.

"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 has a tremendous understanding of what's needed to drive the company's success in the future, and we look forward to continuing to work with him."

Prior to being named interim CEO, Gibbons served as Vice Chairman and CEO of Clearing, Markets and Client Management, a role that represented about half of BNY Mellon's earnings.

Prior to that, he was BNY Mellon's Chief Financial Officer for nine years and Chief Risk Policy Officer for six years, among others during his career with the company.