Bank of New York Mellon Hires Former Visa Head as CEO

17 Juillet, 2017, 23:23 | Author: Marc Bacque
  • Bank of New York Mellon Corp

Effective immediately, Charles W. Scharf, 52, will take the helm as CEO of BNY Mellon, the New York-based banking giant with more than 7,000 employees at its corporate office in Pittsburgh. He will become chairman of the board effective January 1, 2018.

He has also held roles with Bank One and Citigroup. The bank's current CEO, Gerald Hassell will remain chairman of the board through December 31, to ensure a smooth transition.

Hassell, 65, credited his newly named successor as "an accomplished and distinguished leader, with a record of profitably growing businesses, driving innovation and managing complex, large-scale global financial services organizations".

"Charlie is ideally suited to lead BNY Mellon through the next phase of growth".

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According to the report, its blockchain-based platform for United States treasury bond settlement- BDS360-has been "up and running internally" since 2016.

He was chief executive of Bank One's retail division from 2002 to 2004 and chief financial officer of Bank One from 2000 to 2002.

"I have long admired BNY Mellon and believe there is great opportunity to build on the momentum Gerald and the team have created", Scharf said in a statement .

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