Develop and improve features of our offerings. Robin has been a significant contributor to the company, our strategy and growth agenda. How we use your information depends on the product and service that you use and your relationship with us. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. He is someone I deeply respect and trust, and I look forward to working side-by-side with him to support the transition over the coming months while continuing to drive organic growth. Annually, the Audit Committee shall discuss with the registered independent public accountants and the Chief Audit Executive the responsibilities, budget and staffing of Internal Audit. The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Please visit www.Dreyfus.com The Committee shall also review plans with regard to Net Interest Revenue, investment portfolio activities and progress relative to such plans and activities. Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management Biography Claire Santaniello Managing Director Biography Emily Schlosser Chief Operating Officer Biography Thomas Sholes Chief Strategy Officer Biography Ainslie Simmonds President, Pershing X Biography Margreet van Dijk Managing Director The Committee shall establish procedures for the receipt, retention and treatment of complaints received by the Corporation regarding accounting, internal accounting controls or auditing matters, and for the confidential, anonymous submission by Corporation employees of concerns regarding questionable accounting or auditing matters. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. Garrett Marquis +1 949 683 1503[emailprotected], Marius Merz+1 212 298 1480[emailprotected], Cision Distribution 888-776-0942 Annually, there shall be a performance evaluation of the Committee, which may be a self-evaluation or an evaluation employing such other resources or procedures as the Committee may deem appropriate. related services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. Copyright 2023 Morningstar, Inc. All rights reserved. The Board of Directors has appointed Robin Vince to be his successor at that time. Our peopleand their commitment to our clients successare what truly set Pershing apart. Before joining BNY Mellon, Ms. Portney was CFO for Barclays International. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. The Committee will assist the Board in fulfilling its oversight responsibilities in respect of: The Committee's function is one of oversight, recognizing that the Corporation's management is responsible for preparing the Corporation's financial statements, and the independent public accountants are responsible for auditing those statements. The Committee shall periodically consider possible changes in committee assignments while maintaining flexibility, so that each committee includes directors with the requisite expertise and experience to fulfill its duties and responsibilities, and will recommend changes in committee assignments to the Board as it deems appropriate. In this regard, the Committee shall consider (as may apply to such annual or quarterly statements) (i) the Corporation's specific disclosures under Management's Discussion and Analysis of Financial Condition and Results of Operations, (ii) the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the financial statements, (iii) significant financial reporting issues and judgments made in connection with the preparation of the financial statements, including any significant changes in the Corporation's selection or application of accounting principles and any information presented regarding alternative GAAP methods or treatments and the effect that such alternatives would have on the financial statements, (iv) any accounting adjustments that were noted or proposed by the registered independent public accountants but were passed (as immaterial or otherwise), (v) any other matters communicated to the Committee by the registered independent public accountants under generally accepted auditing standards or applicable laws or regulations, (vi) any management letter or schedule of unadjusted differences, and (vii) matters set forth in General Commentary to NYSE Rule 303A.07(b) and Commentary to NYSE Rule 303A.07(b)(iii)(F). Director, Compliance Data Governance - Financial Crimes. The Committee shall annually receive from the independent public accountants a formal written statement of the fees billed in each of the last two fiscal years for each of the following categories of services rendered by the registered independent public accountants: (i) the audit of the Corporation's annual financial statements and the reviews of the financial statements included in the Corporation's Quarterly Reports on Form 10-Q or services that are normally provided by the registered independent public accountants in connection with statutory and regulatory filings or engagements; (ii) assurance andrelated services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. the Corporations compliance with legal and regulatory requirements. Mr. Vince will initially serve as President and CEO-elect, effective immediately, working closely with Mr. Gibbons to ensure a seamless and orderly transition of responsibilities. President and Chief Executive Officer, BNYMellon, Chief Information Officer and Head of Engineering, Global Head of Enterprise Execution and Chief Corporate Affairs Officer, Senior Executive Vice President and Chief Risk Officer, Senior Executive Vice President and General Counsel, Senior Executive Vice President and Chief Executive Officer, Securities Services and Digital, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management, Senior Executive Vice President and Chief Growth Officer, Chief Executive Officer, BNY Mellon Marketsand Execution Services, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. The Committee shall coordinate with the Risk Committee of the Board (which may be done through the Chairs of each Committee) to ensure that each Committee has received and, when appropriate, discussed, the information necessary to fulfill their respective responsibilities and duties with respect to areas of common interest. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and The Committee is responsible for maintaining open communication between the Committee and the registered independent public accountants, Internal Audit, management, and the Board of Directors. consider director candidates recommended by the Corporation's shareholders in accordance with the procedures set forth in the Corporation's annual proxy statement and the By-Laws; review and evaluate the succession plans for the CEO, including a plan in the event of an emergency, and, at least annually, report to the Board regarding succession planning activities and recommendations, if appropriate; implement and oversee the annual evaluation of the Board and the committees of the Board, approve the service of the Chairman and the Chief Executive Officer as directors or trustees of other institutions and organizations and approve indemnification for such service, periodically review contributions by the Corporation and any foundation established by the Corporation to director-related not-for-profit organizations for potential conflicts of interest, or the appearance thereof, annually review compliance of Directors with the Directors Code of Conduct and, in the case of management Directors, the Code of Conduct for employees, review and recommend to the Board policies regarding Director stock ownership, consider the process for the orientation and continuing education of Directors, review and receive reports on the Corporations strategic philanthropy, employee giving, and community involvement, and provide oversight with respect to the Corporations related policies, programs and strategy, oversee and receive reports on the Corporations public policy and advocacy, including lobbying and political contributions, receive and review reports on the Corporations compliance with Community Reinvestment Act ("CRA") and Fair Lending Laws, including review of CRA examination reports, Fair Lending reports provided by federal and state examiners and related internal reports provided by management, receive and review reports regarding the Corporations significant ESG programs and initiatives, including enterprise ESG strategy and ESG governance, environmental sustainability and environmental management, supply chain ESG considerations, and significant reporting with respect to such matters; and. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. Mr. Kumar, who joins the. In addition to his BNY Mellon experience, Robin brings a global perspective and an exceptional understanding of capital markets, coupled with a strong commercial orientation and a wealth of experience from his various leadership roles over 26 years at Goldman Sachs. BNY Mellon About Bridget E. Engle is Senior Executive Vice President and Chief Information Officer for BNY Mellon and a member of the company's Executive Committee. "Dermot has exceptional experience in finance and financial operations as well as leadership across global teams and dynamic international environments. Bank custody provided by BNY Mellon, N.A, member FDIC. The Committee has the direct responsibility to annually review the performance of the Chief Audit Executive and, as appropriate, replace the Chief Audit Executive. Additional information is available onwww.bnymellon.com. A meeting of the Committee may be called by its chairman or any two members of the Committee. The Corporation shall provide for appropriate funding, as determined by the Committee, for payment of compensation to any public accountants engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Corporation. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. While it is the responsibility of management to assess and manage the Corporation's exposure to risk, the Committee will discuss guidelines and policies to govern the process by which this is handled. The Committee shall also include separate executive sessions with the Corporation's Chief Financial Officer, General Counsel, and Chief Compliance Officer periodically, and as needed. Bank of New York Mellon Corp. BK. Paul is a strategic thinker and change agent who is passionate about improving our company. 5 free lookups per month. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Managing DirectorHead of Wealth Solutions, Chief Executive Officer, Pershing Limited, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management. Moreover, Mr. Gibbons developed a strong and diverse leadership team while working together with the Board of Directors to develop and execute a leadership succession plan that resulted in the decision to name Mr. Vince as his successor. Ms. Portney will continue serving as CFO through January 31, 2023 and will work closely with Mr. McDonogh to ensure a seamless transition. Engage directly with experts with unique learning opportunities that are tailored to you and your business. Hanneke Smits is CEO of BNY Mellon Investment Management and a member of BNY Mellon's Executive Committee. The Committee shall review with the registered independent public accountants the results of the audit, and the Committee shall discuss any management or internal control letter issued or proposed to be issued by the registered independent public accountants. Chief Executive Officer, BNY Mellon Investment Management. If the Committee performs the fiduciary audit committee functions for a national bank subsidiary of the Corporation, no Committee member will be an officer of such national bank subsidiary or any of such national bank subsidiarys affiliates who participate significantly in the administration of such national bank subsidiarys fiduciary activities. 363.5(b), of such insured depository institution. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. This charter will be published on the Corporation's website and the Corporation will disclose in its annual proxy statement that this charter is available on its website and provide the website address. The Committee shall report its activities to the Board on a regular basis and make such recommendations as it deems necessary or appropriate. The Committee will receive reports from the Chief Compliance Officer on the Corporation's compliance with legal and regulatory requirements, on at least an annual basis. Terms of Service apply. Deputy Chief Compliance Officer - Investments and Securities. Industry insights at-a-glance on the future of finance from voices at the heart of today's most important financial topics. BNY Mellon Wealth Management Jul 2018 - Present4 years 10 months Greater New York City Area President and Chief Executive Officer Commonfund Feb 2015 - Jul 20183 years 6 months Wilton, CT. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. Wells Fargo merges two payments groups, hires BNY Mellon exec as leader By Polo Rocha August 17, 2021, 2:57 p.m. EDT 1 Min Read Wells Fargo has combined its treasury management and global payments services units into one group, and has hired a former Bank of New York Mellon executive to run the new division. Committee members and the Committee Chairman shall be appointed annually by the Board on the recommendation of the Committee and serve at the pleasure of the Board. The Committee shall review the registered independent public accountants' judgments about the quality and appropriateness of the accounting principles applied in the Corporation's financial reporting, and shall review and assess the reasonableness of analyses prepared by management and the registered independent public accountants setting forth significant financial reporting issues and judgments made in connection with the preparation of financial statements. The Committee shall review with the registered independent public accountants any audit problems or difficulties, including any restrictions on the scope of the registered independent public accountants' activities or on access to requested information and any significant disagreements with management and management's response. In adopting this Charter, the Board acknowledges that the Committee members are not employees of the Corporation and are not providing any expert or special assurance as to the Corporation's financial statements or any professional certification as to the work of the Corporation's independent public accountants or the auditing standards applied.
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