Bank of New York Mellon (BNYM) has appointed Robin Vince as vice chair of the bank and CEO of its Global Market Infrastructure group. Effective, 1 October, Vince joins from Goldman Sachs where he was chief risk officer and a member of the bank’s management committee – he will report to Todd Gibbons, CEO of BNY Mellon.
Vince will have oversight of BNYM’s clearance and collateral management, treasury services, markets and Pershing businesses, the first time the bank has brought the four businesses together. It says there are “strong synergies” between the four and that it was leverage those to provide more end-to-end client solutions.
“In line with our growth agenda and our strategy to continue building platforms on which our clients can grow and drive profitability, we are pleased to appoint an executive of Robin’s calibre as vice chair of BNY Mellon and CEO of Global Market Infrastructure,” says Gibbons. “By bringing these four complementary businesses together under his leadership, we are better positioned to become the central facilitator in our clients’ capital markets ecosystems – across markets, asset classes and geographies. Robin is an accomplished and respected leader in the industry and will help us execute our strategy, which is centred on driving growth and creating differentiated value for our clients, digitising and optimising our operating model, and fostering a high-performance culture that is focused on delivering excellent client service in new and innovative ways.”
Vince adds, “BNY Mellon is an historic institution with a rich legacy and reputation for serving as a trusted steward for the global financial markets, and I’m excited to help build on that legacy going forward. The company has an unparalleled client portfolio and is uniquely positioned to be the platform through which our clients continue to build and grow profitable businesses. We will focus on expanding solutions across our clients’ full range of needs and deepening our already robust relationships.”