-- CEO Todd Gibbons to Retire This Year

  -- Robin Vince, Vice Chair of BNY Mellon and CEO of Global Market 
     Infrastructure, Named President and CEO-elect

The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced 
today that Thomas P. (Todd) Gibbons has decided to retire as Chief Executive 
Officer and member of the Board of Directors on August 31, 2022, after a 
distinguished 36-year career with the company. The Board of Directors has 
appointed Robin Vince to be his successor at that time. 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.

Photo - 
https://mma.prnewswire.com/media/1763761/BNY_Mellon_Robin_Vince_CEO_elect.jpg 

Mr. Gibbons has held numerous leadership positions over his tenure, including 
as CEO since September 2019. He led BNY Mellon through the challenges and 
complexities of the COVID-19 pandemic – safeguarding clients' assets, 
protecting employees, improving the resiliency of its operations, driving 
organic growth and efficiencies, and stewarding support for global markets and 
government programs. Moreover, Mr. Gibbons developed a strong and diverse 
leadership team while working together with the Board of Directors to develop 
and execute a leadership succession plan that resulted in the decision to name 
Mr. Vince as his successor.

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. 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.

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. As Todd retires after nearly four decades of 
service to the company and its shareholders, including his outstanding 
leadership through the global pandemic, we want to thank Todd for his many 
contributions. 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."

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 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. 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. Robin has been a significant contributor to the company, our 
strategy and growth agenda. 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."

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. 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. 
This, together with the trust and respect Todd has for him, gives us great 
confidence that Robin is the right person to steer BNY Mellon through its 
exciting next chapter of history. The Board will support Robin, Todd and the 
entire Executive Committee as they work closely together to ensure a seamless 
handover in the coming months."

Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich 
history, leading market positions and an exceptional global client franchise. 
It is a privilege to be the company's next CEO and I look forward to working in 
partnership with Todd and the Executive Committee to ensure a seamless 
transition. I am grateful for the support of my colleagues across the company 
as I take up my new role. 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. 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."

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients 
manage and service their financial assets throughout the investment lifecycle.  
Whether providing financial services for institutions, corporations or 
individual investors, BNY Mellon delivers informed investment and wealth 
management and investment services in 35 countries. As of Dec. 31, 2021, BNY 
Mellon had $46.7 trillion in assets under custody and/or administration, and 
$2.4 trillion in assets under 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 is the corporate brand of 
The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is 
available on www.bnymellon.com.  Follow us on Twitter @BNYMellon or visit our 
newsroom at www.bnymellon.com/newsroom for the latest company news.

Contacts:

Media 
Garrett Marquis 
+1 949 683 1503
garrett.marquis@bnymellon.com  

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com 

Source - BNY Mellon