The new CEO has been in the role on an interim basis since September last year.

The Bank of New York Mellon has appointed Thomas P Gibbons as chief executive, after acting as interim CEO since last September. Joseph Echevarria, a board member since February 2015, will continue to serve as independent board chairman. 

Prior to being named interim CEO in September, Gibbons served as vice chairman and CEO of clearing, markets and client management at the US financial organization. Before that, he was BNY Mellon's chief financial officer for nine years, and chief risk policy officer for six years, among other roles.

Gibbons first joined The Bank of New York in 1986. He also serves on the advisory board of Wake Forest University's Business School. He holds a BS in business administration from Wake Forest University and an MBA from Pace University.

Among recent appointments, Bank of New York (BNY) Mellon Wealth Management, part of the overall group, appointed two senior figures in February. The financial organization has appointed Kyle Manley as senior client strategist, based in Dallas, Texas. Manley, who is responsible for leading key business development initiatives across the region for business owners, family offices and tax-exempt organizations, will report directly to regional president Todd Carlton. Sarah Williamson has been named senior wealth strategist in Denver, Colorado. Williamson will be responsible for providing expert advice to high net worth clients and prospects on key wealth planning areas, including estate planning, investment management, family law and trusts. She will report directly to regional president Eunice Kim.

As reported in a recent summary of financial institutions' results, BNY Mellon's assets under custody/administration stood at $37.1 trillion at the end of December 2019, rising by 12 per cent, primarily reflecting higher market values and client inflows. Assets under management reached $1.9 trillion, up by 11 per cent, primarily reflecting higher market values and the favorable impact of a weaker US dollar. For the business as a whole, net income stood at $1.449 billion in Q4, up from $870 million a year earlier. Fee revenue rose to $3.971 billion, up from $3.146 billion. Total revenue was $4.778 billion, up from $4.007 billion.