NEW YORK, Sept. 26, 2016 /PRNewswire/ -- BNY Mellon
announced today that Karen B. Peetz,
president, has decided to retire from the company at year
end.
Peetz, BNY Mellon's first female president, joined the company
in 1998 and has played a pivotal role through periods of
significant change in the organization, including the successful
navigation of post-financial crisis challenges and the adoption of
a more strategic, market- and solutions-led approach to client
relationship management.
Peetz has been consistently recognized for her contributions to
the financial services industry and has today been named #1 on
American Banker's "25 Most Powerful Women in Banking" ranking in
recognition of her management style, crisis management skills,
influence and charitable endeavors.
"Karen's leadership, industry expertise and partnership will be
missed by BNY Mellon, and we are extremely thankful for her many
contributions during her tenure," said Gerald Hassell, Chairman and CEO of BNY
Mellon.
Peetz oversees the company's global client management and
regional management, its treasury services business and its
regulatory oversight functions. Prior to her appointment as
president in January 2013, she led
BNY Mellon's former Financial Markets and Treasury Services group,
comprised of the alternative investment services, broker-dealer and
advisor services, corporate trust, depositary receipts and treasury
services businesses.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of June 30,
2016, BNY Mellon had $29.5
trillion in assets under custody and/or administration, and
$1.7 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
Contact:
Colleen Krieger
212.635.6491
colleenanne.krieger@bnymellon.com
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SOURCE BNY Mellon