BNY Mellon CFO Leaves for Wells Fargo
July 21 2020 - 9:40AM
Dow Jones News
By Dave Sebastian
Bank of New York Mellon Corp. Chief Financial Officer Mike
Santomassimo has left the company to serve in the same position at
Wells Fargo & Co. in the fall, joining his former boss who had
taken up a position there.
Mr. Santomassimo will succeed John Shrewsberry, who has decided
to retire. Mr. Shrewsberry will continue as finance chief until Mr.
Santomassimo joins the company, and will assist with the
transition, Wells Fargo said Tuesday.
Mr. Santomassimo will report to Chief Executive Charlie Scharf,
who joined the company from BNY Mellon last year. Mr. Scharf is the
first outsider to run Wells Fargo in decades and the fourth person
to lead the bank since a 2016 fake-account scandal left its image
in tatters.
Mr. Santomassimo became BNY Mellon's CFO in 2018. He was
previously finance chief for BNY Mellon's investment services
businesses, and spent 11 years at JPMorgan Chase & Co. in
finance leadership roles.
Succeeding Mr. Santomassimo at BNY Mellon is Emily Portney, BNY
Mellon said. She served as finance chief for Barclays International
and spent 22 years at JPMorgan Chase, where she was head of
clearing and collateral management, among other roles.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 21, 2020 09:25 ET (13:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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