People Moves
BoNY Confirms Focus With Appointment of Private Banking Head
Bank of New York is continuing its refocus on private banking and asset management, with a senior management re-shuffle. The changes see ...
Bank of New York is continuing its refocus on private banking and asset management, with a senior management re-shuffle.
The changes see the bank’s chief financial officer, Bruce Van Saun, moving over to a newly created role overseeing the bank's market-related businesses, including private banking and asset management.
Mr Van Saun has been CFO since joining the bank in 1997. He will
continue as a vice chairman.
The new CFO will be Thomas Gibbons, who is currently the bank's
chief risk officer. His responsibilities will continue to include
risk management.
Donald Monks, who runs the bank's global operations and technology organisation, will also become chief administrative officer, a newly created position.
Bank of New York said the management changes, particularly Mr Van Saun's new position overseeing markets-related businesses, would contribute to its new focus.
