BNY Mellon Taps Robin Vince as Next CEO
Vince joined BNY Mellon in October 2020 after working for 26 years at Goldman Sachs in several executive roles.
The Bank of New York Mellon recently announced that Thomas P. (Todd) Gibbons will retire as CEO and member of the board of directors on Aug. 31, after 36 years with the organization. Gibbons has held various leadership positions over his tenure and became CEO in September 2019.
The board has appointed Robin Vince to become his successor at that time, and Vince will initially serve as president and CEO-elect, effective immediately.
Vince, who joined BNY Mellon in October 2020, now 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.
Earlier, Vince spent 26 years with Goldman Sachs, most recently serving as its 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.
“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 [him] 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,” according to Joseph J. Echevarria, independent board chair of the firm.
Speaking of his new role, Vince said in a statement: “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 … .:
He added: “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 … .”
As of Dec. 31, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management.
(Photo: Mark Kauzlarich/Bloomberg)