March 30, 2020 / 11:17 AM / 3 months ago

BNY Mellon names interim head Gibbons as CEO

FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid (

(Reuters) - Bank of New York Mellon Corp (BK.N) on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately.

Gibbons has been in charge at the bank since September 2019, after Charles Scharf left to take the top job at Wells Fargo & Co (WFC.N). (reut.rs/2vVvvoS)

“The Board conducted a comprehensive search process over a number of months, and we concluded he is the right person for the job,” Chairman Joseph Echevarria said.

Before Gibbons was named interim head in September, he led BNY Mellon’s clearing, markets and client management - businesses that represented about half of the bank’s earnings, the company said.

Prior to that, he was BNY Mellon’s chief financial officer for nine years.

Reporting by Bharath Manjesh in Bengaluru; Editing by Saumyadeb Chakrabarty

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