The Bank of New York Mellon Corporation (NYSE:BK) today announced a number of executive promotions, led by Karen B. Peetz being named as President effective January 1, 2013. She will assume this role from Gerald L. Hassell who retains his positions as Chairman of the Board and Chief Executive Officer.
In addition, Timothy F. Keaney was named CEO of Investment Services and Brian T. Shea was named President of Investment Services and Head of Global Operations and Technology.
Peetz and Keaney have been with the bank over a decade. Shea joined BNY Mellon’s Pershing subsidiary in 1983. All three have other duties and titles.
BNY Mellon (the corporate brand of The Bank of New York Mellon Corporation) is “a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day.”