Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July 21, 2020, The Bank of New York Mellon Corporation (the "Company")
announced that on July 19, 2020, the Board of Directors of the Company appointed
Emily Portney as Chief Financial Officer, effective immediately.
Ms. Portney succeeds Michael Santomassimo, who resigned as Chief Financial
Officer of the Company, effective as of July 17, 2020.
Ms. Portney, age 48, most recently led the client management, sales and service
teams for the Company's Asset Servicing business globally, and oversaw the
Americas region for the Asset Servicing business. Prior to joining the Company
in 2018, Ms. Portney served as Chief Financial Officer for Barclays
International and as the Chief Financial Officer of North America for Visa Inc.
Prior to such roles, Ms. Portney spent 22 years at JPMorgan Chase & Co., where
she served as Global Head of Clearing and Collateral Management and Chief
Financial Officer of Equities and Prime Services. Ms. Portney has no family
relationship with any director or executive officer of the Company, and she has
no direct or indirect material interest in any transaction required to be
disclosed pursuant to Item 404(a) of Regulation S-K.
The Company has not entered into any material plan, contract or arrangement to
which Ms. Portney is a party or in which she participates in connection with her
appointment as Chief Financial Officer. In the event of such a material plan,
contract or arrangement, the Company will file an amendment to this report
within four business days thereof.
Item 8.01. Other Events.
On July 21, 2020, the Company issued a press release in connection with the
appointment and departure set forth in Item 5.02 above. A copy of the Company's
press release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) EXHIBITS
Exhibit
Number Description
99.1 Press Release of The Bank of New York Mellon Corporation, dated
July 21, 2020
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document
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