Sandie O'Connor Elected to the Board of Directors of BNY Mellon

Rhea-AI Summary

On December 13, 2021, the Board of Directors of BNY Mellon (NYSE: BK) appointed Sandie O'Connor as an independent director, expanding the board to 13 members, 12 of whom are independent. CEO Todd Gibbons expressed enthusiasm about O'Connor’s extensive expertise in risk management and financial regulation, which is expected to benefit the board significantly. O'Connor previously served as Chief Regulatory Affairs Officer at JPMorgan Chase and has held various leadership roles in the financial sector. She currently sits on multiple boards and advisory committees, enhancing her profile within the industry.

Positive

• Sandie O'Connor brings extensive experience in risk management and financial regulation, which may provide valuable insights to BNY Mellon's board.
• The board now consists of 13 members, with 12 being independent, likely enhancing governance and oversight.

Negative

• None.

NEW YORK, Dec. 14, 2021 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that its Board of Directors has elected Sandie O'Connor as an independent director, effective December 13, 2021.  With the addition of Ms. O'Connor, BNY Mellon's Board of Directors will have 13 directors, 12 of whom are independent.  

"We are thrilled to welcome Sandie to our board," said Todd Gibbons, CEO of BNY Mellon. "Sandie's deep expertise in risk management, financial regulation and capital markets will make her an excellent asset to BNY Mellon's board."

"With extensive experience as a senior leader of a publicly traded, large global financial institution, Sandie will bring valuable insights to the board," added Joseph Echevarria, Chairman of the Board.

Ms. O'Connor, 54, retired as the Chief Regulatory Affairs Officer for JPMorgan Chase where she set the firm's comprehensive regulatory strategy and led engagement with G-20 policymakers. Prior to this role, Ms. O'Connor held several senior leadership positions at the firm including Global Treasurer and head of Prime Services and was a member of the firm's Executive Committee. She has also served on several public and private teams to support the integrity and efficiency of capital markets, including as Chair of the Federal Reserve Board's Alternative Reference Rates Committee, and is a former member of the Treasury Markets Practices Group sponsored by the Federal Reserve Bank of NY.

Ms. O'Connor currently serves as a Director of Terex Corporation.  In addition to her current public company board service, Ms. O'Connor is a Director of Ripple, the current Chair of the Board of Directors of the YMCA of Greater NY and an Advisory Board member for PlanetFirst Partners. She also serves on a Task Force on Financial Stability, and on the FDIC Systemic Resolution Advisory Committee.

Ms. O'Connor received a Bachelor of Science in Finance and International Business from New York University, Stern School of Business.

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 and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 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.

Contacts:

Media       
Garrett Marquis 
+1 949-683-1503    
garrett.marquis@bnymellon.com

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com

View original content:https://www.prnewswire.com/news-releases/sandie-oconnor-elected-to-the-board-of-directors-of-bny-mellon-301444107.html

SOURCE BNY Mellon

FAQ

Who is Sandie O'Connor and what is her role at BNY Mellon?

Sandie O'Connor is an independent director elected to BNY Mellon’s Board of Directors on December 13, 2021, bringing extensive experience in risk management and financial regulation.

What is the significance of the new board member for BNY Mellon (BK)?

The addition of Sandie O'Connor is expected to enhance the board's expertise in risk management and financial regulations, potentially improving governance.

How many directors does BNY Mellon have after the election of Sandie O'Connor?

After the election of Sandie O'Connor, BNY Mellon has a total of 13 directors, with 12 being independent.

When was Sandie O'Connor elected to the board of BNY Mellon?

Sandie O'Connor was elected to the Board of Directors of BNY Mellon on December 13, 2021.

What experience does Sandie O'Connor bring to BNY Mellon?

Sandie O'Connor has significant experience in financial regulation and risk management, having served as Chief Regulatory Affairs Officer for JPMorgan Chase and held various senior leadership roles.