The Bank of New York Company announced Wednesday that it will expanded the roles for some of its top executive positions.
Vice Chairman Bruce Van Saun will take over leading the bank’s market-related businesses, including asset management, private banking, global markets and securities lending. He will maintain his responsibilities for BNY’s capital market’s business and corporate development. He will no longer serve as CFO as he assumes his new role.
Senior Executive Vice President Thomas Gibbons will take over as CFO on Sept. 1. Gibbons moves to this position from his current chief risk officer post. He will retain his responsibilities for overseeing risk management functions.
Vice Chairman Donald Monks will assume the newly created position of chief administrative officer in addition to his current role as head of global operations and technology organization. In his new position, Monks will also be responsible for human resources, compliance, corporate marketing, corporate communications and quality assurance.
Senior Executive Vice President Brian Rogan will add broker dealer services, global payments and trade services to his current responsibilities of leading the bank’s issuer services position.
“These appointments reflect the depth of experience and expertise among our senior management team and are appropriate recognition of the outstanding contributions these four leaders have already made to our growing Company,” says Chairman and Chief Executive Officer Thomas Renyi. “The expanded responsibilities will further enhance the leadership experience and capabilities of these key executives. I have every confidence that each of them will set even higher standards of performance for the areas they will now lead, accelerating the Company’s pursuit of our key growth objectives.”