BNY Mellon has appointed GC Legend and asset servicing veteran Emily Portney as its new chief financial officer (CFO).
She will replace Mike Santomassimo, who has left after more than two years in the role to join up with BNY Mellon’s former chief executive, Charlie Scharf, as Wells Fargo’s new CFO.
“As part of the ongoing evolution and transformation of our business and our operating model, we are happy to appoint Emily Portney as the new CFO,” said Todd Gibbons, CEO of BNY Mellon.
“Emily is an accomplished and respected industry leader, with deep industry knowledge and connections to our client base. She provides the critical business and client-centric perspective that the role of CFO requires, and will join the other members of the Executive Committee in executing on our strategy, which is centred on driving growth, increasing efficiency and scaling our operating model, and fostering a high-performance culture.”
Portney most recently led the client management, sales and service teams of BNY Mellon’s asset servicing business globally. She also oversaw the Americas region of the business.
Prior to joining BNY Mellon in 2018, she served as the CFO for Barclays International where she led global finance for the corporate and investment bank, private bank, as well as the cards and payments business.
She was inducted into the GC Hall of Fame in 2014 when she was the global head of clearing and collateral management at JP Morgan. During the 22 years she spent at JP Morgan, she also performed various senior roles including the CFO of the equities and prime services division.
“I am honoured to serve as CFO of BNY Mellon,” Ms. Portney said. “We have a strong balance sheet and a vibrant business, and we will continue to focus on quality and efficiency in our operating model to support growth and an exceptional client experience.”