UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 1, 2020, Mitchell E. Harris, senior executive vice president and chief executive officer of investment management of The Bank of New York Mellon Corporation (the “Company”) and a named executive officer of the Company, informed the Company of his decision to retire from the Company effective October 1, 2020.
Item 8.01. | Other Events. |
On July 7, 2020, the Company issued a press release in connection with the departure set forth in Item 5.02 above. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference, except for the contents of the Company’s website referenced in Exhibit 99.1 which are not incorporated into this Current Report on Form 8-K.
Item 9.01. | Financial Statements and Exhibits. |
(d) EXHIBITS
Exhibit Number |
Description | |||
99.1 |
Press Release of The Bank of New York Mellon Corporation, dated July 7, 2020 | |||
104 |
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The Bank of New York Mellon Corporation (Registrant) | ||||||
Date: July 7, 2020 |
By: |
/s/ James J. Killerlane III | ||||
Name: |
James J. Killerlane III | |||||
Title: |
Secretary |
3
Exhibit 99.1
News Release
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Contacts: | Media | Analysts | ||||
Manny Goncalves | Magda Palczynska | |||||
+1 973 809 1114 | +1 212 635 8529 | |||||
manuel.goncalves@bnymellon.com | magda.palczynska@bnymellon.com |
Mitchell Harris to Retire as CEO of BNY Mellon Investment Management and Hanneke Smits Appointed as
CEO of BNY Mellon Investment Management
NEW YORK, July 7, 2020 -- The Bank of New York Mellon Corporation (BNY Mellon) (NYSE: BK) announced today that Mitchell Harris, CEO of BNY Mellon Investment Management, which includes the Wealth and Investment Management businesses, has announced his intention to retire effective October 1, 2020. The Company has appointed Hanneke Smits as CEO of BNY Mellon Investment Management, and Catherine Keating will continue in her role as CEO of BNY Mellon Wealth Management. Both Ms. Smits and Ms. Keating, leading their respective parts of the Investment and Wealth Management business, will report to Todd Gibbons, CEO of BNY Mellon, and Ms. Smits will join BNY Mellons Executive Committee.
Mitchell has been instrumental in driving our Investment Management business over the last four years as CEO and we wish him all the best in retirement. During a period of tremendous change in the investment landscape, he helped reposition our multi-boutique model and launch new investment capabilities, leaving us well positioned to meet the evolving investment needs of our clients, said Todd Gibbons, CEO of BNY Mellon. We are delighted to elevate Hanneke into the CEO role for Investment Management. She has spearheaded Newtons business momentum and client-centric culture, and we look forward to her leadership within Investment Management. Mitchell has cultivated a strong bench of leaders, including Hanneke and Catherine, who will continue to drive the execution of our strategic priorities to deliver leading investment solutions to our clients underpinned by exceptional investment performance.
Ms. Smits said, I am deeply honored to serve as CEO of BNY Mellon Investment Management. We have made great progress in building a diversified investment portfolio to help our clients achieve their investment goals. We will build on this strong foundation to continue to drive performance and innovation across our investment products, while also serving as a trusted partner for our clients in todays rapidly changing investment environment.
Ms. Smits will continue as CEO of Newton until October 1 and a search is currently underway to replace her as CEO of Newton. Over the next several months, Mitchell will work closely with Hanneke and Catherine to ensure a smooth transition of leadership.
Ms. Smits has been CEO of Newton Investment Management, a subsidiary of The Bank of New York Mellon Corporation, since August 2016. Her career spans close to three decades in financial services, including serving as a member of the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, and Chief Investment Officer from 2008 to 2014. Hanneke is a Non-Executive Director to the Court of the Bank of England and serves on the board of the Investment Association. She is Chair of Impetus a venture philanthropy organization that supports charities that aim to transform the lives of disadvantaged young people, and as part of this appointment, she is Trustee of the Education Endowment Foundation, founded in 2011 by The Sutton Trust in partnership with Impetus. She is co-founder and former Chair of Level 20, a not-for-profit organization set up in 2015 to inspire women to join and succeed in the private equity industry. Originally from the Netherlands, Hanneke has a BBA from Nijenrode University and a MBA from the London Business School.
About BNY Mellon Investment Management and BNY Mellon Wealth Management
BNY Mellon Investment Management and BNY Mellon Wealth Management are part of BNY Mellon and are respectively one of the worlds largest investment firms and one of the top U.S. wealth managers, with $1.8 trillion in total assets under management as of March 31, 2020.
News Release
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Through an investor-first approach, BNY Mellon brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon, one of the worlds most trusted investment partners. Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com and on www.bnymellonwealth.com for BNY Mellon Wealth Management.
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 management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $35.2 trillion in assets under custody and/or administration, and $1.8 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.
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