The Bank of New York Mellon Corporation announced that Thomas P. (Todd) Gibbons has been appointed Chief Executive Officer, effective immediately. Mr. Gibbons has 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.

Prior to being named interim CEO in September, Mr. 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 role, he was BNY Mellon's Chief Financial Officer for nine years, Chief Risk Policy Officer for six years, among others during his distinguished career with the company.